A second-order approximation for the variance of a renewal reward process

Mark Brown and Herbert Solomon

Stochastic Processes and their Applications, 1975, vol. 3, issue 3, 301-314

Abstract: Let {C(t), t [greater-or-equal, slanted] 0} be a renewal reward process. We obtain the approximation Var C(t) = ct + d + o(1), and explicitly identify c and d.

Keywords: renewal; processes; renewal; reward; processes; cumulative; process; variance; time; curve (search for similar items in EconPapers)
Date: 1975
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Citations: View citations in EconPapers (7)

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