Parsa, Hossein; Jin, Mingzhou - In: International Journal of Production Economics 146 (2013) 1, pp. 142-152
A simple but effective approximation is proposed to compute the renewal function, M(t), and its integral. The asymptotic approximation of the renewal function and its integral, which are widely used in decision makings involving a renewal process, may not perform well when t is not large enough....
