Renewal Processes

Nonfiction, Science & Nature, Mathematics, Statistics
Cover of the book Renewal Processes by Kosto V. Mitov, Edward Omey, Springer International Publishing
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Author: Kosto V. Mitov, Edward Omey ISBN: 9783319058559
Publisher: Springer International Publishing Publication: April 23, 2014
Imprint: Springer Language: English
Author: Kosto V. Mitov, Edward Omey
ISBN: 9783319058559
Publisher: Springer International Publishing
Publication: April 23, 2014
Imprint: Springer
Language: English

This monograph serves as an introductory text to classical renewal theory and some of its applications for graduate students and researchers in mathematics and probability theory. Renewal processes play an important part in modeling many phenomena in insurance, finance, queuing systems, inventory control and other areas. In this book, an overview of univariate renewal theory is given and renewal processes in the non-lattice and lattice case are discussed. A pre-requisite is a basic knowledge of probability theory.

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This monograph serves as an introductory text to classical renewal theory and some of its applications for graduate students and researchers in mathematics and probability theory. Renewal processes play an important part in modeling many phenomena in insurance, finance, queuing systems, inventory control and other areas. In this book, an overview of univariate renewal theory is given and renewal processes in the non-lattice and lattice case are discussed. A pre-requisite is a basic knowledge of probability theory.

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