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A batch-ballot problem and applications

Published online by Cambridge University Press:  14 July 2016

Haim Mendelson
Haim Mendelson*
Affiliation:
The University of Rochester
*
∗Postal address: The Graduate School of Management, The University of Rochester, Rochester NY 14627, U.S.A.
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Abstract

Let (X1, X2, · ··, Xn) be a vector of discrete splittable and interchangeable random variables, and let Sj = Σji = 1Xi. This paper is concerned with probabilities of the form P{Sj < jb – d for j = 1, 2, 3, ···, n | Sn = r}. We focus on applications of these probabilities, study their properties and suggest how they may be computed. The applications are from the areas of computer science, economics, operations management, finance and risk theory.

Keywords

BALLOT THEOREMINTERCHANGEABLE RANDOM VARIABLESHASHINGMARKET MECHANISMSSAFETY STOCK
Type
Research Paper
Information
Journal of Applied Probability , Volume 19 , Issue 1 , March 1982 , pp. 144 - 157
Copyright
Copyright © Applied Probability Trust 1982 

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