IDEAS home Printed from https://ideas.repec.org/a/spr/metcap/v18y2016i4d10.1007_s11009-015-9456-5.html
   My bibliography  Save this article

Some New Concepts and Their Computational Formulae in Aggregated Stochastic Processes with Classifications Based on Sojourn Times

Author

Listed:
  • Lirong Cui

    (Beijing Institute of Technology)

  • Quan Zhang

    (Beijing Institute of Technology)

  • Dejing Kong

    (Beijing Institute of Technology)

Abstract

The system’s performance is one of most important issues in both theory and practice. The task of evaluation of system performance first needs a series of indexes which can describe the system’s performance properly and correctly. Different indexes provide different descriptions and result in different conclusions on system’s performance. On the other hand, although it has a lot of indexes for evaluation of system performance such as reliability, availability and safety and so forth, they still cannot meet the variety requirements on the evaluation of system performance. Thus it is an important work to introduce and develop some new indexes to measure the system’s performance. In this paper, two types of related probability measures, point-wise and interval-wise probabilities, including their concepts and computation formulae, are developed under an alternative renewal process and its derivative aggregated stochastic process with state classifications based on sojourn times. All limits of introduced new measures are discussed too, and the relationship among these new measures is studied. Finally, two special cases: constant and exponential, are discussed too, and some numerical examples are presented to illustrate the concepts intuitively in this work. The work for introduction of new concepts is motivated by some practical problems, specially in repairable systems. The research results can be used not only in reliability, but also may be used in finance, engineering, economy and other fields.

Suggested Citation

  • Lirong Cui & Quan Zhang & Dejing Kong, 2016. "Some New Concepts and Their Computational Formulae in Aggregated Stochastic Processes with Classifications Based on Sojourn Times," Methodology and Computing in Applied Probability, Springer, vol. 18(4), pages 999-1019, December.
    • Handle: RePEc:spr:metcap:v:18:y:2016:i:4:d:10.1007_s11009-015-9456-5
    DOI: 10.1007/s11009-015-9456-5
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11009-015-9456-5
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s11009-015-9456-5?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Alan Hawkes & Lirong Cui & Zhihua Zheng, 2011. "Modeling the evolution of system reliability performance under alternative environments," IISE Transactions, Taylor & Francis Journals, vol. 43(11), pages 761-772.
    2. Lirong Cui & Shijia Du & Alan Hawkes, 2012. "A study on a single-unit repairable system with state aggregations," IISE Transactions, Taylor & Francis Journals, vol. 44(11), pages 1022-1032.
    3. Robert Elliott & Tak Siu, 2010. "On risk minimizing portfolios under a Markovian regime-switching Black-Scholes economy," Annals of Operations Research, Springer, vol. 176(1), pages 271-291, April.
    4. Baoliang Liu & Lirong Cui & Yanqing Wen, 2014. "Interval reliability for aggregated Markov repairable system with repair time omission," Annals of Operations Research, Springer, vol. 212(1), pages 169-183, January.
    5. Lirong Cui & Shijia Du & Aofu Zhang, 2014. "Reliability measures for two-part partition of states for aggregated Markov repairable systems," Annals of Operations Research, Springer, vol. 212(1), pages 93-114, January.
    6. Liying Wang & Lirong Cui, 2013. "Performance Evaluation Of Aggregated Markov Repairable Systems With Multi-Operating Levels," Asia-Pacific Journal of Operational Research (APJOR), World Scientific Publishing Co. Pte. Ltd., vol. 30(04), pages 1-27.
    7. Liu, Baoliang & Cui, Lirong & Wen, Yanqing & Shen, Jingyuan, 2013. "A performance measure for Markov system with stochastic supply patterns and stochastic demand patterns," Reliability Engineering and System Safety, Elsevier, vol. 119(C), pages 294-299.
    8. Nikolaos Limnios, 2012. "Reliability Measures of Semi-Markov Systems with General State Space," Methodology and Computing in Applied Probability, Springer, vol. 14(4), pages 895-917, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Cui, Lirong & Wu, Bei, 2019. "Extended Phase-type models for multistate competing risk systems," Reliability Engineering and System Safety, Elsevier, vol. 181(C), pages 1-16.
    2. Quan Zhang & Shihang Yu & Yang Han & Yanjun Li, 2022. "Research on the model of a multistate aggregated Markov repairable system," Journal of Risk and Reliability, , vol. 236(2), pages 266-276, April.
    3. He Yi & Lirong Cui & Narayanaswamy Balakrishnan & Jingyuan Shen, 2022. "Multi-Point and Multi-Interval Bounded-Covering Availability Measures for Aggregated Markovian Repairable Systems," Methodology and Computing in Applied Probability, Springer, vol. 24(4), pages 2427-2453, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Du, Shijia & Zeng, Zhiguo & Cui, Lirong & Kang, Rui, 2017. "Reliability analysis of Markov history-dependent repairable systems with neglected failures," Reliability Engineering and System Safety, Elsevier, vol. 159(C), pages 134-142.
    2. Cui, Lirong & Chen, Jianhui & Wu, Bei, 2017. "New interval availability indexes for Markov repairable systems," Reliability Engineering and System Safety, Elsevier, vol. 168(C), pages 12-17.
    3. Yi, He & Cui, Lirong, 2017. "Distribution and availability for aggregated second-order semi-Markov ternary system with working time omission," Reliability Engineering and System Safety, Elsevier, vol. 166(C), pages 50-60.
    4. Quan Zhang & Shihang Yu & Yang Han & Yanjun Li, 2022. "Research on the model of a multistate aggregated Markov repairable system," Journal of Risk and Reliability, , vol. 236(2), pages 266-276, April.
    5. Li, Yan & Cui, Lirong & Lin, Cong, 2017. "Modeling and analysis for multi-state systems with discrete-time Markov regime-switching," Reliability Engineering and System Safety, Elsevier, vol. 166(C), pages 41-49.
    6. Wu, Bei & Cui, Lirong & Fang, Chen, 2019. "Reliability analysis of semi-Markov systems with restriction on transition times," Reliability Engineering and System Safety, Elsevier, vol. 190(C), pages 1-1.
    7. Yi, He & Cui, Lirong & Shen, Jingyuan & Li, Yan, 2018. "Stochastic properties and reliability measures of discrete-time semi-Markovian systems," Reliability Engineering and System Safety, Elsevier, vol. 176(C), pages 162-173.
    8. He Yi & Lirong Cui & Narayanaswamy Balakrishnan & Jingyuan Shen, 2022. "Multi-Point and Multi-Interval Bounded-Covering Availability Measures for Aggregated Markovian Repairable Systems," Methodology and Computing in Applied Probability, Springer, vol. 24(4), pages 2427-2453, December.
    9. Shijia Du & Lirong Cui & Cong Lin, 2016. "Some reliability indexes and sojourn time distributions for a repairable degradation model," Journal of Risk and Reliability, , vol. 230(3), pages 334-349, June.
    10. Cui, Lirong & Wu, Bei, 2019. "Extended Phase-type models for multistate competing risk systems," Reliability Engineering and System Safety, Elsevier, vol. 181(C), pages 1-16.
    11. Baoliang Liu & Lirong Cui & Yanqing Wen, 2014. "Interval reliability for aggregated Markov repairable system with repair time omission," Annals of Operations Research, Springer, vol. 212(1), pages 169-183, January.
    12. Liu, Baoliang & Cui, Lirong & Wen, Yanqing & Shen, Jingyuan, 2013. "A performance measure for Markov system with stochastic supply patterns and stochastic demand patterns," Reliability Engineering and System Safety, Elsevier, vol. 119(C), pages 294-299.
    13. Fang, Chen & Cui, Lirong, 2021. "Reliability evaluation for balanced systems with auto-balancing mechanisms," Reliability Engineering and System Safety, Elsevier, vol. 213(C).
    14. He Yi & Lirong Cui & Narayanaswamy Balakrishnan, 2022. "On the Derivative Counting Processes of First- and Second-order Aggregated Semi-Markov Systems," Methodology and Computing in Applied Probability, Springer, vol. 24(3), pages 1849-1875, September.
    15. María Luz Gámiz & Nikolaos Limnios & Mari Carmen Segovia-García, 2023. "The continuous-time hidden Markov model based on discretization. Properties of estimators and applications," Statistical Inference for Stochastic Processes, Springer, vol. 26(3), pages 525-550, October.
    16. Zhengxin Zhang & Xiaosheng Si & Changhua Hu & Xiangyu Kong, 2015. "Degradation modeling–based remaining useful life estimation: A review on approaches for systems with heterogeneity," Journal of Risk and Reliability, , vol. 229(4), pages 343-355, August.
    17. Shen, Jingyuan & Cui, Lirong & Ma, Yizhong, 2019. "Availability and optimal maintenance policy for systems degrading in dynamic environments," European Journal of Operational Research, Elsevier, vol. 276(1), pages 133-143.
    18. Lirong Cui & Shijia Du & Aofu Zhang, 2014. "Reliability measures for two-part partition of states for aggregated Markov repairable systems," Annals of Operations Research, Springer, vol. 212(1), pages 93-114, January.
    19. Gu Wang & Jiaxuan Ye, 2023. "Fund Managers’ Competition for Investment Flows Based on Relative Performance," Journal of Optimization Theory and Applications, Springer, vol. 198(2), pages 605-643, August.
    20. Siu, Tak Kuen, 2023. "European option pricing with market frictions, regime switches and model uncertainty," Insurance: Mathematics and Economics, Elsevier, vol. 113(C), pages 233-250.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:metcap:v:18:y:2016:i:4:d:10.1007_s11009-015-9456-5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.