Storage problems in continuous time with random inputs, random outputs, and deterministic release

摘要

The subject of study here is the model of a dam, with random inputs and outputs along with a deterministic release. The amounts of the Poisson jumps, either up or down, are independently and identically distributed. Closed form solutions are obtained for the Laplace transforms of first passage densities to different situations of overflow or emptiness. These results can throw insights regarding different threshold studies in storage, inventory, biological, and environmental problems. The closed form solutions are obtained by applying imbedding methods for different types of densities conceptualized in novel ways.