Comparison of replacement policies via point processes

Comparison of replacement policies via point processes

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Article ID: iaor199741
Country: United Kingdom
Volume: 27
Issue: 4
Start Page Number: 1079
End Page Number: 1103
Publication Date: Dec 1995
Journal: Advances in Applied Probability
Authors: ,
Keywords: control processes, stochastic processes
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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