SpringerBriefs in Statistics

Mitov, Kosto V.; Omey, Edward

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.

Details

Published by: Springer

Publication Date: 2014-05-06

Format: Paperback

ISBN-13: 9783319058542

DOI: 10.1007/978-3-319-05855-9

Dimensions: 235cm x155cm

Pages: 122