A simple stochastic model for library loans

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A simple stochastic model for library loans
Authors: Quentin Burrell
Citation: Journal of Documentation 36 (2): 115-132. 1980
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DOI: 10.1108/eb026693.
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A simple stochastic model for library loans

The "probability that an item will be borrowed for the first time between T_1 and T_2:

<math>\theta(T_1, T_2) = \beta \left( \frac{a}{a + T_1} - \frac{a}{a + T_2} \right)</math>
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