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Comparison of replacement policies via point processes
Published online by Cambridge University Press: 01 July 2016
Abstract
First, some basic concepts from the theory of point processes are recalled and expanded. Then some notions of stochastic comparisons, which compare whole processes, are introduced. The use of these notions is illustrated by stochastically comparing renewal and related processes. Finally, applications of the different notions of stochastic ordering of point processes to many replacement policies are given.
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MSC classification
- Type
- General Applied Probability
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- Copyright
- Copyright © Applied Probability Trust 1995
Footnotes
This work was done while this author was visiting the Department of Industrial Engineering, Texas A&M University, College Station, and in part during his visit to the Department of Mathematics, University of Arizona, Tucson, hospitality of which is gratefully acknowledged.
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