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Applied Stochastic Processes
Hardcover
Business GeneralProbability & Statistics
ISBN13: 9781466589339
Publisher: CRC Press
Published: Jul 22 2013
Pages: 208
Weight: 1.10
Height: 0.80 Width: 6.00 Depth: 9.30
Language: English
This text presents a concise, graduate-level treatment of the subject, emphasizing applications and practical computation. It also establishes the complete mathematical theory in an accessible way. After reviewing basic probability, the text covers Poisson processes, renewal processes, discrete- and continuous-time Markov chains, and Brownian motion. It also offers an introduction to stochastic differential equations. While the main applications described are queues, the book also considers other examples, such as the mathematical model of a single stock market.
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