21 citations · 27 across the 12 of their papers we have counts for
3 papers · 1 filter
A Semi-Markov Modulated Interest Rate Model
Guglielmo D'Amico, Raimondo Manca, Giovanni Salvi
In this paper we propose a semi-Markov modulated model of interest rates. We assume that the switching process is a semi-Markov process with finite state space E and the modulated…
Reliability measures of second order semi-Markov chain applied to wind energy production
Guglielmo D'Amico, Filippo Petroni, Flavio Prattico
In this paper we consider the problem of wind energy production by using a second order semi-Markov chain in state and duration as a model of wind speed. The model used in this pap…
Performability analysis of the second order semi-Markov chains: an application to wind energy production
Guglielmo D'Amico, Filippo Petroni, Flavio Prattico
In this paper a general second order semi-Markov reward model is presented. Equations for the higher order moments of the reward process are presented for the first time and applie…