Markov binomial distribution of order k and its applications
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DOI: 10.1007/s00362-015-0728-5
Abstract: In this paper, we study the distribution of $$X_{n,k}^c $$Xn,kc, the number of occurrences of success runs of length k in the sequence of n Markov Binary Trials arranged on circle under four popular schemes… read more here.
Keywords: order; order applications; binomial distribution; markov binomial ... See more keywords
Optimal control strategies for dividend payments and capital injections in compound Markov binomial risk model with penalties for deficits
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DOI: 10.1080/03610926.2015.1096385
Abstract: ABSTRACT We consider the compound Markov binomial risk model. The company controls the amount of dividends paid to the shareholders as well as the capital injections in order to maximize the cumulative expected discounted dividends… read more here.
Keywords: capital injections; compound markov; optimal control; markov binomial ... See more keywords