Alternating Renewal Processes
Published Online: 14 JAN 2011
Copyright © 2010 John Wiley & Sons, Inc. All rights reserved.
Wiley Encyclopedia of Operations Research and Management Science
How to Cite
Argon, N. T. 2011. Alternating Renewal Processes. Wiley Encyclopedia of Operations Research and Management Science. .
- Published Online: 14 JAN 2011
This article introduces a continuous-time stochastic process, which is called an alternating renewal process, that alternates between two states such as “up” and “down.” We provide the limiting distribution of the process and demonstrate its use by two examples.
- alternating renewal process;
- inspection paradox;
- key renewal theorem