The time intervals between successive repairs of a system generate an ordinary renewal process {Y 1 , Y 2 , ...} with typical cycle length Y. The costs of repairs are mutually independent, independent...


The time intervals between successive repairs of a system generate an ordinary renewal process {Y1, Y2, ...} with typical cycle length Y. The costs of repairs are mutually independent, independent of {Y1, Y2, ...} and identically distributed as M. The random variables Y and M have parameters


Determine approximately the probabilities that


(1) the total repair cost arising in does not exceed [0, 3600 days]
 4500,


(2) a total repair cost of is not exceeded before 2200
 3000 days.



May 21, 2022
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