Performance of complex systems in the environment of a random number of competing catastrophic risks
by Panagiotis T. Artikis, Constantinos T. Artikis
International Journal of Applied Systemic Studies (IJASS), Vol. 2, No. 3, 2009

Abstract: This paper makes use of the minimum of a random number of non-negative random variables and a non-negative random variable for formulating a stochastic multiplicative model. Sufficient conditions for evaluating the distribution function of the model are also established. Moreover, the paper provides applications of the formulated model in investigating the performance of a complex system in the environment of a random number of competing and catastrophic risks.

Online publication date: Thu, 06-Aug-2009

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