The residual life of the renewal process: A simple algorithm

The residual life of the renewal process: A simple algorithm

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Article ID: iaor2000594
Country: United States
Volume: 46
Issue: 4
Start Page Number: 435
End Page Number: 443
Publication Date: Jun 1999
Journal: Naval Research Logistics
Authors: , ,
Keywords: queues: theory, inventory
Abstract:

We develop a simple algorithm, which does not require convolutions, for computing the distribution of the residual life when the renewal process is discrete. We also analyze the algorithm for the particular case of lattice distributions, and we show how it can apply to an inventory problem.

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