International audienceThe Young/Daly formula for periodic checkpointing is known to hold for a divisible load application where one can checkpoint at any time-step. In an nutshell, the optimal period is $P YD = 2µ f C$ where µ f is the Mean Time Between Failures (MTBF) and C is the checkpoint time. This paper assesses the accuracy of the formula for applications decomposed into computational iterations where: (i) the duration of an iteration is stochastic, i.e., obeys a probability distribution law D of mean µ D ; and (ii) one can checkpoint only at the end of an iteration. We first consider static strategies where checkpoints are taken after a given number of iterations k and provide a closed-form, asymptotically optimal, formula for k, va...