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In this paper we derive an alternative representation for the reflection of a continuous, bounded variation process. Under stationarity assumptions we prove a continuous counterpart of Little's law of classical queueing theory. These results, together with formulas from Palm calculus, are used...
Persistent link: https://www.econbiz.de/10008872777
We consider recursions of the form xn + 1 = [phi]n[xn], where {[phi]n, n = 0} is a stationary ergodic sequence of maps from a Polish space (E, ) into itself, and {xn, n = 0} are random variables taking values in (E, ). Questions of existence and uniqueness of stationary solutions are of...
Persistent link: https://www.econbiz.de/10008874785
Based on recent results on the exploitation of "drift criteria" for general state-space Markov processes, we derive rates of convergence for (moments of ) processes associated with a renewal process with common inter-renewal time distribution F. Some of the results are classical and some are...
Persistent link: https://www.econbiz.de/10008875357