Paper Info
Title
Approximation of the Bivariate Renewal Function.
Abstract
Recently, Kambo and his co-researchers (2012) proposed a method of approximation for evaluating the one-dimensional renewal function based on the first three moments. Their method is simple and elegant, which gives exact values for well-known distributions. In this article, we propose an analogous method for the evaluation of bivariate renewal function based on the first two moments of the variables and their joint moment. The proposed method yields exact results for certain widely used bivariate distributions like bivariate exponential distribution, bivariate Weibull distributions, and bivariate Pareto distributions. An illustrative example in the form of a two-dimensional warranty problem is considered and comparisons of our method are made with the results of other models.
Year
DOI
Venue
2015
10.1080/03610918.2013.770306
COMMUNICATIONS IN STATISTICS-SIMULATION AND COMPUTATION
Keywords
DocType
Volume
Bivariate Laplace transform,Bivariate renewal process,Free replacement warranty,Two-dimensional renewal function
Journal
44
Issue
ISSN
Citations 
1
0361-0918
0
PageRank 
References 
Authors
0.34
9
2
Name
Order
Citations
PageRank
Viswanathan Arunachalam1172.78
Álvaro Calvache200.34