A growth-collapse process is one which grows linearly between random partial collapse times. The jump down of the process at a collapse time has a random size, following some distribution which is conditional on the level of the process at that time. There are many application of such models in geophysics, population growth, insurance models, inventory systems, and more.
CITATION STYLE
Zacks, S. (2017). Miscellaneous topics. In Lecture Notes in Mathematics (Vol. 2203, pp. 111–119). Springer Verlag. https://doi.org/10.1007/978-3-319-67059-1_9
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