Highly Influential

@article{Weld2017ModelingMT, title={Modeling mixed type random variables}, author={Christopher Weld and Lawrence Leemis}, journal={2017 Winter Simulation Conference (WSC)}, year={2017}, pages={1595-1606} }

- Published 2017 in 2017 Winter Simulation Conference (WSC)
DOI:10.1109/WSC.2017.8247900

Mixed type random variables contain both continuous and discrete components, and their role is critical in many well-studied fields. Queuing analysis, stock options, and hydrology rainfall models are among those dependent on mixed random variables to simulate event outcomes. In each of these examples, continuous positive distributions combine with a discrete spike at zero to adequately represent system uncertainty. These problems often require simulation because analytic solutions using these… CONTINUE READING