Asymptotic results for the first and second moments and numerical computations in discrete-time bulk-renewal process
DOI:
https://doi.org/10.2298/YJOR180418031KKeywords:
renewal theory, discrete-time, bulk-renewal process, generating function, asymptotic resultsAbstract
This paper introduces a simplified solution to determine the asymptotic results for the renewal density. It also offers the asymptotic results for the first and second moments of the number of renewals for the discrete-time bulk-renewal process. The methodology adopted makes this study distinguishable compared to those previously published where the constant term in the second moment is generated. In similar studies published in the literature, the constant term is either missing or not clear how it was obtained. The problem was partially solved in the study by Chaudhry and Fisher where they provided a asymptotic results for the non-bulk renewal density and for both the first and second moments using the generating functions. The objective of this work is to extend their results to the bulk-renewal process in discrete-time, including some numerical results, give an elegant derivation of the asymptotic results and derive continuous-time results as a limit of the discrete-time results.References
Chaudhry, M.L., Fisher, B., Simple and elegant derivations for some asymptotic results in the discrete-time renewal process, Statistics and Probability Letters, 83 (1) (2012) 315-319.
Chaudhry, M.L., Fisher, B., Computing the distribution for the number of renewals with bulk arrivals, INFORMS Journal on Computing, 26 (4) (2013) 885-892.
Cox, D.R., Renewal Theory, Spottiswoode Ballantyne & Co Ltd, London, 1962.
Feller, W., Fluctuation theory of recurrent events, Transactions of the American Mathematical Society, 67 (1949) 98-119.
Feller, W., An introduction to probability and its applications, Vol. 1, 2nd ed., Wiley, New York, 1968.
Hunter, J., Mathematical Techniques of Applied Probability Volume 1: Discrete Time Models: Basic Theory, Academic Press, New York, 1983.
Van der Weide, J.A.M., Pandey, M.D., Noortwijk, J.M., A conceptual interpretation of the renewal theorem with applications, in: Aven, T., Vinnem, J.E. (eds.), Risk, Reliability, and Societal Safety, Taylor & Francis Group, London, 2007, 477-484.
Van Noortwijk, J.M., Explicit formulas for the variance of discounted life-cycle cost, Reliability Engineering and System Safety, 80 (2) (2003) 185-195.
Downloads
Published
Issue
Section
License
Copyright (c) 2019 YUJOR
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.