A stochastic Richardson's arms race model

John Fricks; Randall Swift

doi:10.1080/01966324.2001.10737563

A stochastic Richardson's arms race model

John Fricks, Randall Swift

Research output: Contribution to journal › Article › peer-review

1 Scopus citations

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 language	English (US)
Pages (from-to)	313-323
Number of pages	11
Journal	American Journal of Mathematical and Management Sciences
Volume	21
Issue number	3-4
DOIs	https://doi.org/10.1080/01966324.2001.10737563
State	Published - Jan 1 2001
Externally published	Yes

Keywords

Birth-death process
Richardson's Arms model

ASJC Scopus subject areas

Business, Management and Accounting(all)
Applied Mathematics

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10.1080/01966324.2001.10737563

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A stochastic Richardson's arms race model

Abstract

Keywords

ASJC Scopus subject areas

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