Resampling Approach to a Task of Comparison of Two Renewal Processes

The Proceedings of the 12th International Conference on Analytical and Stochastic Modelling Techniques and Applications 2005
Jeļena Fiošina

This paper illustrates the resampling-approach to a task of comparison of two renewal processes with application to solving one inventory theory problem. The probability of the shortage absence of inventory unit is estimated. The formula for the variance calculation of estimator of interest is presented. Obtained resampling-estimators are compared with classical ones. It is shown that considered approach could be a good alternative to classical one, taking bias, variance and mean square error of estimators into account. Numerical examples illustrate the efficiency of considered method.

Atslēgas vārdi
Resampling method, renewal process, estimation, inventory control theory

Fiošina, J. Resampling Approach to a Task of Comparison of Two Renewal Processes. No: The Proceedings of the 12th International Conference on Analytical and Stochastic Modelling Techniques and Applications, Latvija, Riga, 1.-4. jūnijs, 2005. Riga: RTU, 2005, 94.-100.lpp.

Publikācijas valoda
English (en)