This paper presents a discrete-time method (ET method) for pricing path-dependent securities by the supplementary … variable technique and examines the ET method from the point of view of Arrow-Debreu event tree. In particular, this paper …

exponential startup before each service period. We provide a recursive method, using the supplementary variable technique and … treating the supplementary variable as the remaining interarrival time, to develop the steady-state probability distributions …

exponential startup before each service period. We provide a recursive method, using the supplementary variable technique and … treating the supplementary variable as the remaining interarrival time, to develop the steady-state probability distributions …