renewal theory in English

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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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      "wikipedia": [
        "renewal theory"
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  "word": "renewal theory"
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[Show JSON for raw wiktextract data ▼] [Hide JSON for raw wiktextract data ▲]

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        "A branch of probability theory that generalizes the compound Poisson process for arbitrary holding times."
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This page is a part of the kaikki.org machine-readable English dictionary. This dictionary is based on structured data extracted on 2024-05-10 from the enwiktionary dump dated 2024-05-02 using wiktextract (a644e18 and edd475d). The data shown on this site has been post-processed and various details (e.g., extra categories) removed, some information disambiguated, and additional data merged from other sources. See the raw data download page for the unprocessed wiktextract data.

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"renewal theory" meaning in English

Noun