Renewal Processes

Part of the Springer Series in Reliability Engineering book series (RELIABILITY)


A renewal process in this chapter is the most fundamental process, and a renewal theory is an important theory in stochastic processes. Many basic stochastic systems form renewal processes essentially. Renewal processes are the largest and most crucial chapter in stochastic processes for studying reliability theory because learning a reliability theory is learning a renewal theory:


Renewal Process Preventive Maintenance Interarrival Time Replacement Cost Plan Replacement 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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© Springer-Verlag London Limited 2011

Authors and Affiliations

  1. 1.Department of Business AdministrationAichi Institute of TechnologyToyotaJapan

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