Intuitive approximations for the renewal function

It is hard to find explicit expressions for the renewal function U(x)=∑n=0∞F∗n(x). Many researchers have made attempts to find suitable approximations for U(x). In this paper we present simple approximations and show that they cover many of the known results.

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Year of publication:	2014
Authors:	Mitov, Kosto V. ; Omey, Edward
Published in:	Statistics & Probability Letters. - Elsevier, ISSN 0167-7152. - Vol. 84.2014, C, p. 72-80
Publisher:	Elsevier
Subject:	Renewal function \| Approximations \| Regular variation \| The class gamma

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011039801