Performance of a Random Number of Complex Systems in the Environment of a Random Number of Competing
AbstractThe paper makes use of the concept of a random sum of nonnegative random variables and the concept of a minimum of a random number of nonnegative random variables in order to formulate a stochastic model. Sufficient conditions for embedding the formulated stochastic model into an important class of stochastic models are also established. Moreover, the paper establishes applications of the model in investigating the performance of a random number of complex systems being in the environment of a random number of competing and catastrophic information risks.
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Bibliographic InfoArticle provided by European Research Studies Journal in its journal European Research Studies Journal.
Volume (Year): XI (2008)
Issue (Month): 3 ()
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Performance; Risk; System; Information;
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- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
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