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Limit theorems for jump shock models
Published online by Cambridge University Press: 14 July 2016
Abstract
We consider an additive shock process where shocks occur according to a Poisson point process and they are accumulated in an appropriate way to the damage. It is shown that suitably normalized shock processes converge weakly to a process which is represented as a sum of a stable process and a deterministic process.
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- Copyright © Applied Probability Trust 1989
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