Stability of storage processes with general release rates

TL;DR

This paper analyzes the stability and tail decay of a broad class of storage models with various release rates, providing unified results and bounds on convergence to stationarity.

Contribution

It extends classical storage model stability results by incorporating general release rates and input processes, offering a unified analytical framework.

Findings

Quantifies ergodicity and tail decay rates for storage models.

Provides upper bounds on stability in Wasserstein distance.

Unifies and extends classical storage stability results.

Abstract

This paper quantifies the ergodicity and the rate of decay of the tail of the stationary distribution for a broad class of storage models, encompassing constant, linear, and power-type release rates with both finite and infinite activity input process. Our results are expressed in terms of the asymptotics of the release rate, the tail-decay rate of the L\'evy measure of the input process and its (possibly infinite) first moment. Our framework unifies and significantly extends classical results on the stability of storage models. Under certain regularity assumptions, we also provide upper bounds on the stability in the Wasserstein distance.