STOR colloquium: Ivo Adan, Eindhoven University of Technology
Technical University of Eindhoven and
EURANDOM The Netherlands
A rate balance principle
We introduce a rate balance principle for general (not necessarily Markovian) stochastic processes, with special attention to birth-death like processes. This principle appears to be useful in deriving well-known, as well as new results for various queueing systems.
Refreshments will be served at 3:00pm in the 3rd floor lounge of Hanes Hall