On excess-, current-, and total life distributions of phase-type renewal process

On excess-, current-, and total life distributions of phase-type renewal process

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Article ID: iaor1993692
Country: United States
Volume: 39
Issue: 6
Start Page Number: 789
End Page Number: 799
Publication Date: Oct 1992
Journal: Naval Research Logistics
Authors: ,
Keywords: quality & reliability
Abstract:

Consider a renewal process whose interrenewal-time distribution is phase type with representation (α,T). The authors show that the (time-dependent) excess-life distribution is phase type with representation (α',T), where α' is an appropriately modified initial probability vector. Using this result, they derive the (time-dependent) distributions for the current life and the total life of the phase-type renewal process. They in turn enable the authors to obtain the equilibrium distributions for the three random variables. These results simplify the computation of the respective distribution functions and consequently enhance the potential use of renewal theory in stochastic modeling-particularly in inventory, queueing, and reliability applications.

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