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SOME RESULTS FOR REPAIRABLE SYSTEMS WITH GENERAL REPAIR
In this paper, we develop general repair models for a repairable system by using the idea of the virtual age process of the system. If the system has the virtual age V, _ = y immediately after the (nExpand
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Markov processes for stochastic modeling
TLDR
Markov processes for stochastic modeling , Markov Processes for Stochastic Modeling . Expand
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A Markovian Framework in Multi-Factor Heath-Jarrow-Morton Models
We consider the general n -factor Heath, Jarrow, and Morton model (1992) and provide a sufficient condition on the volatility structure for the spot rate process to be Markovian with 2 n stateExpand
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Periodical replacement problem without assuming minimal repair
TLDR
In this paper, a periodical replacement problem with a general repair is considered where a system is replaced at only scheduled times kT (k = 0,1,…) and is repaired whenever it fails. Expand
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A USEFUL GENERALIZATION OF RENEWAL THEORY: COUNTING PROCESSES GOVERNED BY NON-NEGATIVE MARKOVIAN INCREMENTS
Let N(t) be a counting process associated with a sequence of non-negative random variables (X,)' where the distribution of X+i, depends only on the value of the partial sum S = X.., X,. In thisExpand
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Economic models for the environmental Kuznets curve: A survey
The ‘environmental Kuznets curve’ (EKC) refers to an inverted-U-shaped relationship between some pollutant level and per capita income, i.e., the environmental quality deteriorates at early stages ofExpand
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A cumulative damage shock model with imperfect preventive maintenance
TLDR
In this article we consider a cumulative damage shock model under a periodic preventive maintenance (PM) policy. Expand
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Quasi-Stationary Distributions of Single-Server Phase-Type Queues
TLDR
We study the quasi-stationary distribution of the lossy Markov chain of the infinitesimal generator governing a PH/PH/1 queueing process in discrete time governed by P. Expand
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A multi-quality model of interest rates
We consider a consistent pricing model of government bonds, interest-rate swaps and basis swaps in one currency within the no-arbitrage framework. To this end, we propose a three yield-curve model,Expand
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