Tempered stable processes have emerged as a crucial class of stochastic models, blending the heavy‐tail characteristics of stable laws with an exponential dampening mechanism that ensures finite ...

Abstract. This paper explicitly computes the transition densities of a spectrally negative stable process with index greater than one, reflected at its infimum. First we derive the forward equation ...

For a random walk with negative drift we study the exceedance probability (ruin probability) of a high threshold. The steps of this walk (claim sizes) constitute a stationary ergodic stable process.

Andon itself is just a word that means lantern. In manufacturing, the andon signal is often a light, hence the name. But both the name and the light do not capture the essence of the process, which is ...