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On the phase type distribution under two sided risk renewal process

Author:

Joseph Justin Rebello and Thampi, K. K.

Subject Area:

Physical Sciences and Engineering

Abstract:

This paper is concerned with the ruin probability of two sided jump renewal problems under phase type claim/arrival distribution. We propose a class of finite dimensional phase type distributions as models for claim distribution .Different forms of phase type distributions are also discussed .Lindley distribution is approximated for claim distribution and a modified inter arrival claim distribution is also presented. A kind of ruin components is also given in the process.

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