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Recovery time of a complex system in risk and crisis management operations

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  • Panagiotis T. Artikis
  • Constantinos T. Artikis

Abstract

It is generally recognised that a random sum of discrete random variables and a maximum of a random number of non-negative random variables are very powerful analytical concepts for formulating effective stochastic models with significant applications in many practical disciplines. The paper combines these concepts in order to formulate a stochastic model. Properties and applications in risk and crisis management operations of the formulated stochastic model are also established.

Suggested Citation

  • Panagiotis T. Artikis & Constantinos T. Artikis, 2009. "Recovery time of a complex system in risk and crisis management operations," International Journal of Decision Sciences, Risk and Management, Inderscience Enterprises Ltd, vol. 1(1/2), pages 104-111.
    • Handle: RePEc:ids:ijdsrm:v:1:y:2009:i:1/2:p:104-111
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