Renewal Processes by Kosto V. Mitov and Edward Omey
English | 2014 | ISBN-10: 3319058541 | 132 pages | PDF | 1,4 MB
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.