When the times between renewals in a renewal process are not exponentially distributed, simulation can become a viable method of analysis. The renewal function is estimated through simulation for a renewal process simulation for a renewal process with gamma distributed renewal times and the shape parameter a > 1. Gamma random deviates will be generated by means of the so called Acceptance Rejec...

Recently, Zhao et al. [Fuzzy Optimization and Decision Making (2007) 6, 279-295] characterized the interarrival times as fuzzy random variables and presented a fuzzy random elementary renewal theorem on the limit value of the expected renewal rate of the process in the fuzzy random renewal process. They also depicted both the interarrival times and rewards are depicted as fuzzy random variables...

age replacement policy is concerned with finding an optional time tominimize the cost, at which time the unit is replaced even if itdoes not fail. so far, age replacement policy involving random agehas been proposed. this paper will assume the age of the unit is anuncertain variable, and find the optimal time to replace the unit.

Deteriorated urban textures are areas of a city isolated from developmental life cycle. They have turned into the focus of problems and inefficiencies. The evaluation of renewal actions claims to promote residents’ satisfaction in some cases. At the same time of improving objective and economic quality of life, there are claims regarding the lack of any improvements in their subjective quality ...