Renewal Processes

Renewal Processes
ISBN-10
331905855X
ISBN-13
9783319058559
Category
Mathematics
Pages
122
Language
English
Published
2014-04-23
Publisher
Springer Science & Business
Authors
Kosto V. Mitov, Edward Omey

Description

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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