Financial derivatives are contracts concerning rights and obligations to engage in future transactions on some underlying financial instrument. A major concern in financial mark...
In the analysis of a manufacturing system, the analyst is often interested in the change in mean cycle time as a function of different throughput (start rate) levels. Since the va...
Rachel T. Johnson, Sonia E. Leach, John W. Fowler,...
The DoD High Level architecture (HLA) has recently become the required method for the interconnection of all DoD computer simulations. The HLA addresses the rules by which simulat...
Christopher D. Carothers, Richard Fujimoto, Richar...
We consider a general QBD process as defining a FIFO queue and obtain the stationary distribution of the sojourn time of a customer in that queue as a matrix exponential distribut...
Recursive Petri Nets (RPNs) allow to design and analyze complex discrete event systems. Indeed, RPNs enable to model patterns of discrete event systems related to the dynamic struc...