Renewal processes of phase type
Marcel F. Neuts
Naval Research Logistics Quarterly, 1978, vol. 25, issue 3, 445-454
Abstract:
This paper discusses a class of analytically and numerically tractable renewal processes, which generalize the Poisson process. When used to describe interarrival or service times in queues, these renewal processes lead to computationally explicit solutions which involve only real arithmetic. Previous modifications of the Poisson process, based on the Erlang or the hyperexponential distributions, appear as particular cases.
Date: 1978
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https://doi.org/10.1002/nav.3800250307
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Persistent link: https://EconPapers.repec.org/RePEc:wly:navlog:v:25:y:1978:i:3:p:445-454
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