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Modeling and Simulation of Some Functions of Two Independent Random Variables

Deyan Mihaylov ()
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Deyan Mihaylov: University of Economics-Varna/Department "Statistics and Applied Mathematics", Varna, Bulgaria

Conferences of the department Informatics, 2019, issue 1, 225-232

Abstract: This paper represents a way to analyze the duration of some processes, which have little complexity. They can be decomposed into limited number of elementary activities. It is supposed that the activity durations are random varia-bles. Hence, the total duration can be represented as a function of random variables. The functions Sum, Maximum and Minimum of two independent random variables are discussed. One way to obtain the distribution functions of results is represented. The mathematical models are tested by simulations. The results, obtained by mathematical and simulation models are similar. The represented method can be used in analysis of processes or objects which have non-deterministic parameters.

Keywords: Modeling and Simulation; R-language; Time-measured random variables (search for similar items in EconPapers)
JEL-codes: C8 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:vrn:katinf:y:2019:i:1:p:225-232

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