A stochastic Richardson's arms race model

John Fricks, Randall Swift

Research output: Contribution to journalArticle

Abstract

A stochastic version of the Richardson's arms race model is considered through the method of birth-death processes. The expected value of the model is obtained and shown to be analogous to the original deterministic arms race model.

Original languageEnglish (US)
Pages (from-to)313-323
Number of pages11
JournalAmerican Journal of Mathematical and Management Sciences
Volume21
Issue number3-4
StatePublished - 2001
Externally publishedYes

Fingerprint

Birth-death Process
Expected Value
Model
Arms race
Expected value

Keywords

  • Birth-death process
  • Richardson's Arms model

ASJC Scopus subject areas

  • Industrial and Manufacturing Engineering
  • Applied Mathematics

Cite this

A stochastic Richardson's arms race model. / Fricks, John; Swift, Randall.

In: American Journal of Mathematical and Management Sciences, Vol. 21, No. 3-4, 2001, p. 313-323.

Research output: Contribution to journalArticle

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