"renewal theory" meaning in All languages combined

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  "lang_code": "en",
  "pos": "noun",
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      "examples": [
        {
          "text": "Renewal theory may be used to calculate the best strategy for replacing worn-out machinery, or to compare the long-term benefits of different insurance policies."
        }
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        "A branch of probability theory that generalizes the compound Poisson process for arbitrary holding times."
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        "renewal theory"
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  "word": "renewal theory"
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          "text": "Renewal theory may be used to calculate the best strategy for replacing worn-out machinery, or to compare the long-term benefits of different insurance policies."
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        "A branch of probability theory that generalizes the compound Poisson process for arbitrary holding times."
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  "word": "renewal theory"
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