Limit theorem for a semi - Markovian stochastic model of type (s,S)

Year 2019, Volume: 48 Issue: 2, 605 - 615, 01.04.2019

Zulfiye Hanalioglu Tahir Khaniyev

Abstract

In this study, a semi-Markovian inventory model of type $(s,S)$ is considered and the model is expressed by means of renewal-reward process $(X(t))$  with an asymmetric triangular distributed interference of chance and delay. The ergodicity of the process $X(t)$  is proved and the exact expression for the ergodic distribution is obtained. Then, two-term asymptotic expansion for the ergodic distribution is found for standardized process $W(t)\equiv (2X(t)) / (S-s)$. Finally, using this asymptotic expansion, the weak convergence theorem for the ergodic distribution of the process $W(t)$ is proved and the explicit form of the limit distribution is found.

Keywords

Inventory model of type $(s;S)$, Renewal-reward process, Weak convergence, Asymmetric triangular distribution, Asymptotic expansion

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