This paper introduces an efficient numerical algorithm for transient analysis of deterministic and stochastic Petri nets (DSPNs) and other discrete-event stochastic systems with ...
Hoon Choi, Vidyadhar G. Kulkarni, Kishor S. Trived...
In this work, we address investment decisions in production systems by using real options. As is standard in literature, the stochastic variable is assumed to be normally distribu...
A stochastic numerical scheme for an extended immersed boundary method which incorporates thermal fluctuations for the simulation of microscopic biological systems consisting of fl...
—1 End to end QoS of communication systems is essential for users but their performance evaluation is a complex issue. The ion of such systems are usually given by multidimension...
We consider single-stage, single-product Make-to-Stock systems with random demand and random service (production) rate, where demand shortages at the inventory facility are backor...