Article ID: | iaor1995364 |
Country: | United Kingdom |
Volume: | 45 |
Issue: | 3 |
Start Page Number: | 345 |
End Page Number: | 353 |
Publication Date: | Mar 1994 |
Journal: | Journal of the Operational Research Society |
Authors: | Bhat V.N. |
The switched Poisson process (SPP), also known as the doubly stochastic Poisson process, has been widely used in the modeling of point processes whose rates vary subject to some random mechanism. The class of SPP includes a wide range of both renewal and non-renewal processes with squared coefficients of variation being larger than one. This paper surveys various approaches to approximate a non-renewal process by a renewal process. It derives the expressions for the first two moments of the inter-renewal time of a renewal process that approximates the SPP. It illustrates the quality of these approximations with numerical results in queueing applications. It is believed that these approximations have potential applications in areas such as reliability, inventory control, telecommunications and maintenance.