The Wiener process has provided a lot of practically useful mathematical tools to model stochastic noise in many applications. However, this framework is not enough for modeling extremal events, since ...

Figure 1. Experimental realization of diffusion with stochastic resetting. (a) Sample trajectory of a silica particle diffusing (blue) near the bottom of a sample cell. The particle sets off from the ...

This paper proposes a stochastic process based remaining useful life (RUL) prediction method for hybrid systems in the presence of intermittent fault. The failure of an intermittently faulty component ...

One example is the Autoregressive Integrated Moving Average (ARIMA), a sophisticated autoregressive model that factors in trends, cycles, seasonality, errors, and other non-static data when making ...

Organizations participating in the Risk and Compliance Process (RCP) are required to respond to questions in specific areas of focus. Areas of focus represent management areas that are critical to ...

Accounts payable is an account within the general ledger representing a company's obligation to pay off a short-term obligations to its creditors or suppliers.