This book covers Lévy processes and their applications in the contexts of reliability and storage. Special attention is paid to life distributions and the maintenance of devices subject to degradation; estimating the parameters of the degradation process is also discussed, as is the maintenance of dams subject to Lévy input.
From the book reviews:
"This is a short book and contains three chapters only. Each chapter can be seen as a review article on a specific topic. ... it can be recommended as a quick introduction to reliability and storage analysis using Lévy processes." (Enrico Scalas, Mathematical Reviews, February, 2015)
"This is a short book and contains three chapters only. Each chapter can be seen as a review article on a specific topic. ... it can be recommended as a quick introduction to reliability and storage analysis using Lévy processes." (Enrico Scalas, Mathematical Reviews, February, 2015)