Multivariate weighted renewal functions (Q860332): Difference between revisions

The authors investigate multivariate weighted renewal functions based on the (componentwise given) partial sums of independent, identically distributed random vectors. The main results provide a multivariate analogue of the elementary renewal theorem, both for regularly varying nondecreasing or nonincreasing cumulative weights, as well as a remainder term in the multivariate renewal theorem under finite variances. An application in the context of multivariate shock models in reliability theory is briefly discussed, too. For the sake of convenience, the results are formulated for the two-dimensional case only, but it is outlined how they can be extended to a general \(d\)-dimensional setting.