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Matrix-Exponential Distributions in Applied Probability
Hardcover
Series: Probability Theory and Stochastic Modelling, Book 81
Business GeneralManagementProbability & Statistics
ISBN13: 9781493970476
Publisher: Springer
Published: May 19 2017
Pages: 736
Weight: 3.07
Height: 1.78 Width: 6.59 Depth: 9.56
Language: English
This book contains an in-depth treatment of matrix-exponential (ME) distributions and their sub-class of phase-type (PH) distributions. Loosely speaking, an ME distribution is obtained through replacing the intensity parameter in an exponential distribution by a matrix. The ME distributions can also be identified as the class of non-negative distributions with rational Laplace transforms. If the matrix has the structure of a sub-intensity matrix for a Markov jump process we obtain a PH distribution which allows for nice probabilistic interpretations facilitating the derivation of exact solutions and closed form formulas.
Aimed as a textbook for graduate students in applied probability and statistics, the book provides all the necessary background on Poisson processes, Markov chains, jump processes, martingales and re-generative methods. It is our hope that the provided background may encourage researchers and practitioners from other fields, like biology, genetics and medicine, who wish to become acquainted with the matrix-exponential method and its applications.
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