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词汇 renewal theory
释义

Definition of renewal theory in English:

renewal theory

noun

  • A theory concerning the replacement of items that fail and need renewal; (Mathematics) the branch of probability theory which considers populations of objects which fail after randomly distributed intervals, typically in relation to the lifetime of machine components.

Origin

Early 20th century; earliest use found in Journal Accountancy.

Definition of renewal theory in US English:

renewal theory

noun

  • A theory concerning the replacement of items that fail and need renewal; (Mathematics) the branch of probability theory which considers populations of objects which fail after randomly distributed intervals, typically in relation to the lifetime of machine components.

Origin

Early 20th century; earliest use found in Journal Accountancy.
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