ON SOME APPLICATIONS AND SIMULATIONS OF COUNTING PROCESSES

Sanda Micula () and Rodica Sobolu ()
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Sanda Micula: Babeş-Bolyai University, Cluj-Napoca, Romania
Rodica Sobolu: University of Agricultural Sciences and Veterinary Medicine, Cluj-Napoca, Romania

Journal of Information Systems & Operations Management, 2019, vol. 13, issue 2, 126-138

Abstract: In this paper we discuss a special case of stochastic processes, namely counting processes. In particular, we describe a discrete-time counting process (Binomial) and a continuous-time one (Poisson). We present the main theoretical characteristics and properties, algorithms for computer simulations of such processes and some interesting applications.

Date: 2019
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http://www.rebe.rau.ro/RePEc/rau/jisomg/WI19/JISOM-WI19-A09.pdf (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:rau:jisomg:v:13:y:2019:i:2:p:126-138

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