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Computation and applications of geometric mixtures of convolutions

Marcel F. Neuts

Naval Research Logistics (NRL), 1988, vol. 35, issue 4, 529-537

Abstract: We consider the probability distribution of the waiting time until a lifetime in excess of T occurs in a renewal process. That distribution is a geometric mixture of the successive convolutions of a distribution with bounded support. Algorithms are developed for certain broad classes of lifetime distributions. Applications to warranty policies are discussed.

Date: 1988
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https://doi.org/10.1002/1520-6750(198808)35:43.0.CO;2-8

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Persistent link: https://EconPapers.repec.org/RePEc:wly:navres:v:35:y:1988:i:4:p:529-537

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