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The laws of iterated and triple logarithms for extreme values of regenerative processes

We analyze almost sure asymptotic behavior of extreme values of a regenerative process. We show that under certain conditions a properly centered and normalized running maximum of a regenerative process satisfies a law of the iterated logarithm for the $\limsup$ and a law of the triple logarithm for the $\liminf$. This complements a previously known result of Glasserman and Kou [Ann. Appl. Probab. 5(2) (1995), 424--445]. We apply our results to several queuing systems and a birth and death process.

preprint2020arXivOpen access
Alexander MarynychIvan Matsak
math.PR
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Open access2 authors1 topic
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Alexander MarynychIvan Matsak

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