ThmDex – An index of mathematical definitions, results, and conjectures.
Formulation F12952 on D3745: Renewal process
F12952
Formulation 0
Let $X_1, X_2, X_3, \ldots \in \text{Random}[0, \infty)$ each be a D5452: Random unsigned real number such that
(i) $X_1, X_2, X_3, \ldots$ is an D3358: I.I.D. random collection
(ii) \begin{equation} \mathbb{E} |X_1| < \infty \end{equation}
A D6140: Random natural number process $N : [0, \infty) \to \text{Random}(\mathbb{N})$ is a revewal process with respect to $X_1, X_2, X_3, \ldots$ if and only if \begin{equation} \forall \, t \in [0, \infty) : N_t \overset{d}{=} \max \left\{ M \in \mathbb{N} : \sum_{m = 1}^M X_m \leq t \right\} \end{equation}