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I. F. Blake and W. C. Lindsey, Level crossing problems for random processes. IEEE Trans. Information Theory 19 (1973), 295-315.

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Article

The Moment Approximation of the First–Passage Time for the Birth–Death Diffusion Process with Immigraton to a Moving Linear Barrier

1Department of Quantitative Methods and Information System, Kuwait University, College of Business Administration, Safat, Kuwait


American Journal of Applied Mathematics and Statistics. 2015, Vol. 3 No. 5, 184-189
DOI: 10.12691/ajams-3-5-2
Copyright © 2015 Science and Education Publishing

Cite this paper:
Basel M. Al-Eideh. The Moment Approximation of the First–Passage Time for the Birth–Death Diffusion Process with Immigraton to a Moving Linear Barrier. American Journal of Applied Mathematics and Statistics. 2015; 3(5):184-189. doi: 10.12691/ajams-3-5-2.

Correspondence to: Basel  M. Al-Eideh, Department of Quantitative Methods and Information System, Kuwait University, College of Business Administration, Safat, Kuwait. Email: basel@cba.edu.kw

Abstract

Today, the the development of a mathematical models for population growth of great importance in many fields. The growth and decline of real populations can in many cases be well approximated by the solutions of a stochastic differential equations. However, there are many solutions in which the essentially random nature of population growth should be taken into account. In this paper, we approximating the moments of the first – passage time for the birth and death diffusion process with immigration to a moving linear barriers. This was done by approximating the differential equations by an equivalent difference equations. A simulation study is considered and applied to some values of parameters which showed the capability of the technique.

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