1958
DOI: 10.1111/j.2517-6161.1958.tb00294.x
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Renewal Theory and its Ramifications

Abstract: SUMMARY This is an expository article on the theoretical and some computational aspects of renewal theory. §1 describes basic theory, including Blackwell's theorem; renewal density theorem; cumulants and asymptotic normality of the number of renewals in (0, t); and the integral equations of renewal theory. §2 is concerned with asymptotic behaviour of processes having an embedded renewal process: regenerative stochastic processes; semi‐Markov processes; cumulative processes. §3 discusses infinite sums and produ… Show more

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Cited by 369 publications
(153 citation statements)
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“…Let ρ represent their correlation coefficient. Then the longtime variance of R(t) takes the form (Smith 1958) …”
Section: Cumulants Of the Bead-motor Systemmentioning
confidence: 99%
“…Let ρ represent their correlation coefficient. Then the longtime variance of R(t) takes the form (Smith 1958) …”
Section: Cumulants Of the Bead-motor Systemmentioning
confidence: 99%
“…We suppose that the process is regenerative, where, following Smith [8], we define a regenerative process as follows. Let T be a positive random variable defined on some probability space (Q, .91, P) and X a random function defined on the same space with index set [0, T).…”
Section: The Supremum In a Class Of Stochastic Processesmentioning
confidence: 99%
“…In 1958 an elegant summation of the known mathematical results in renewal theory was presented by Smith [68]. As has been mentioned, this theory has many applications to replacement problems.…”
Section: The Formative Yearsmentioning
confidence: 97%