| Article ID: | iaor1991274 |
| Country: | Netherlands |
| Volume: | 44 |
| Issue: | 3 |
| Start Page Number: | 414 |
| End Page Number: | 423 |
| Publication Date: | Feb 1990 |
| Journal: | European Journal of Operational Research |
| Authors: | Winsten C.B., Fryer M.J. |
| Keywords: | queues: theory |
Several dual problems are presented of a one-dimensional random walk in the presence of at least one boundary. These lead to a simple but computationally stable algorithm for finding the equilibrium probabilities of the original random walk using a ‘reduced’ difference equation. An application of its use in the theory of risk is given.