Lvy Processes and Their Applications in Reliability and Storage [Paperback]

This book covers L?vy processes and their applications in the contexts of reliability and storage. Special attention is paid to life distributions and the maintenance of devices subject to degradation; estimating the parameters of the degradation process is also discussed, as is the maintenance of dams subject to L?vy input.Preface.- Notation and Terminology.- L?vy Processes and Their Characteristics.- Degradation Processes.- Storage Models: Control of Dams Using P^M_{\lambda,\tau}?Policies.- Appendix.- Index.?

From the book reviews:

This is a short book and contains three chapters only. Each chapter can be seen as a review article on a specific topic. & it can be recommended as a quick introduction to reliability and storage analysis using L?vy processes. (Enrico Scalas, Mathematical Reviews, February, 2015)

Professor Mohamed Abdel-Hameed is a former Chair of the Department of Statistics and Operations Research, Kuwait University. He has served on the editorial board of the Journal of Applied Stochastic Models and Data Analysis and is the Editor (jointly with E. Cinlar and J. Quinn) of the book Reliability Theory and Models: Stochastic Failure Models, Optimal Maintenance Policies, Life Testing and Structures (Academic press, 1984). He has published numerous papers on Statistics, Stochastic Models, Reliability, and Storage Models.This book covers L?vy processes and their applications in the contexts of reliability and storage. Special attention is paid to life distributions and the maintenance of devices subject to degradation; estimating the parameters of the degradation process is also discussed, as is the maintenance of dams subject to L?vy input.

Provides a concise and comprehensive account of L?vy processes

Clearly discusses applications of L?vy processes in reliability, with special attention to life distributions and the maintenance of devices subject to degradation, as well els(