Advances in various fields of modern studies have shown the limitations of traditional probabilistic models. The one such example is that of the Poisson process which fails to model the data traffic of bursty nature, especially on multiple time scales. The empirical studies have shown that the power law decay of inter-arrival times in the network connection session offers a better model than exponential decay. The quest to improve Poisson model led to the formulations of new processes such as non-homogeneous Poisson process, Cox point process, higher dimensional Poisson process, etc. The fractional generalizations of the Poisson process has drawn the attention of many researchers since the last decade. Recent works on fractional extensions of the Poisson process, commonly known as the fractional Poisson processes, lead to some interesting connections between the areas of fractional calculus, stochastic subordination and renewal theory. The state probabilities of such processes are governed by the systems of fractional differential equations which display a slowly decreasing memory. It seems a characteristic feature of all real systems. Here, we discuss some recently introduced generalized counting processes and their fractional variants. The system of differential equations that governs their state probabilities are discussed.

- All seminars.
- Seminars for 2022

Last updated: 22 Sep 2023