This paper presents new results on the nonhomogeneous bivariate compound Poisson process with a short-term periodic intensity function. The dependence between margins is modeled using the Lévy copula.

Queueing Theory is a practical and fascinating area of applied mathematics and operations research that helps us understand and optimize systems where waiting lines occur—think call centers, hospitals ...

The discrete probability distributions are used to model the discrete events including earthquakes, car accidents, number of landslide or other events like number of people dying of diseases like ...

The Poisson Distribution is a discrete probability distribution that models the number of events occurring within a fixed interval of time or space, provided these events happen independently and at a ...