Here we complete the recurrence classification of X, determining the conditions for null recurrence and transience. Closely related to X is a Markov process X0 ...
Partially supported by a grant from the Atlantic Richfield Corporation to the Graduate School of Business, Stanford University.
IAOR 1973 subject classification. Main: Storage. Cross reference: Markov processe. Key words. Risk and storage processes, compound Poisson process, recurrence, ...
We interpret X(t) as the content at time t of a storage system such as a dam, A(t) as the input to the system during the interval [0, 1], and r(x) as the ...
The recurrence classification of X is complete, determining the conditions for null recurrence and transience, and it is shown that X0 is positive recurrent ...
The Recurrence Classification of Risk and Storage Processes. Report Number: AND ONR 26. Author(s):. J.M. Harrison. S.I. Resnick. Report Date: Sep 1976.
J. M. Harrison and S. I. Resnick, “The Recurrence Classification of Risk and Storage Processes,” Mathematics of Operations Research, Vol. 3, No. 1, 1978, pp ...
Oct 22, 2024 · It is shown that general storage processes are classified into three types: positive recurrent, null recurrent, and transient processes.
It is shown that general storage processes are classified into three types: positive recurrent, null recurrent, and transient processes.
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