Moment-based approximation for a renewal reward process with generalized gamma-distributed interference of chance
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DOI: 10.1515/dema-2025-0153
Abstract: Abstract This study investigates the renewal reward process under the assumption that the random variables describing the discrete interference of chance follow a generalized gamma distribution. A moment-based approximation method is employed to derive novel… read more here.
Keywords: process; distribution; reward process; renewal reward ... See more keywords
On the Exiting Patterns of Multivariate Renewal-Reward Processes with an Application to Stochastic Networks
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DOI: 10.3390/sym14061167
Abstract: This article is a study of vector-valued renewal-reward processes on Rd. The jumps of the process are assumed to be independent and identically distributed nonnegative random vectors with mutually dependent components, each of which may… read more here.
Keywords: application; reward processes; patterns multivariate; exiting patterns ... See more keywords