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Stochastic Housing Model with Random Constructions

Author

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  • K. Srinivasa Rao

    (Department of Statistics, Andhra University, Visakhapatnan, 530 003, A.P. India)

  • C.V.R.S. Vijaya Kumar

    (Department of Statistics, Andhra University, Visakhapatnan, 530 003, A.P. India)

Abstract

In this article, a stochastic housing model of a city having various grades of houses and a random number of new constructions at each discrete time-interval is developed. Using the multi-type Galton-Watson process, a method for computing the means and variances of the number of houses in various grades of the city at discrete points of time is given. An application of this model is also demonstrated through real data.

Suggested Citation

  • K. Srinivasa Rao & C.V.R.S. Vijaya Kumar, 1995. "Stochastic Housing Model with Random Constructions," Urban Studies, Urban Studies Journal Limited, vol. 32(6), pages 971-974, June.
    • Handle: RePEc:sae:urbstu:v:32:y:1995:i:6:p:971-974
    DOI: 10.1080/00420989550012744
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