In this paper, a probability model leading to a Yule distribution is developed in the study of surname frequency data. This distribution, suitably truncated, is fitted to actual data as an alternative to the discrete Pareto distribution, with quite satisfactory results

The problem of determining how family names evolve preoccupies both statistics and human biology. The determination of a proper and well justified probability model to describe the probability distribution of surnames has been confronted by many authors. In this paper two stochastic models...

A stock replenishing model is considered whereby not only the demand for the item, but also the stock in hand and the lead time period are considered to be random variables. The interrelations of these three item characteristics are then studied in the framework of a scheme for deciding when to...

The phenomenon of high volatility in financial markets stemming from the increased complexity of financial instruments traded, as well as the evidence of losses due to natural and man-made catastrophes, highlight the need for sophisticated risk management practices. The analysis concerning the...