On the Use of Stochastic Processes in Modeling Reliability Problems

Shastic processes are powerful tools for the investigation of reliability and availability of repairable equipment and systems. Because of the involved models, and in order to be mathematically tractable, these processes are generally confined to the class of regenerative shastic processes with a finite state space, to which belong: renewal processes, Markov processes, semi—Markov processes, and more general regenerative processes with only one (or a few) regeneration staters). The object o...