Intuitive approximations for the renewal function

Kosto V. Mitov and Edward Omey

Statistics & Probability Letters, 2014, vol. 84, issue C, 72-80

Abstract: It is hard to find explicit expressions for the renewal function U(x)=∑n=0∞F∗n(x). Many researchers have made attempts to find suitable approximations for U(x). In this paper we present simple approximations and show that they cover many of the known results.

Keywords: Renewal function; Approximations; Regular variation; The class gamma (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (3)

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DOI: 10.1016/j.spl.2013.09.030

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