By Ming Liao
Applied Stochastic Processes provides a concise, graduate-level remedy of the topic, emphasizing purposes and functional computation. It additionally establishes the whole mathematical concept in an obtainable means.
After reviewing uncomplicated chance, the textual content covers Poisson tactics, renewal tactics, discrete- and continuous-time Markov chains, and Brownian movement. It additionally deals an advent to stochastic differential equations. whereas the most functions defined are queues, the e-book additionally considers different examples, akin to the mathematical version of a unmarried inventory industry.
With workouts in such a lot sections, this publication presents a transparent, functional creation for starting graduate scholars. the fabric is gifted in an easy demeanour utilizing brief, motivating examples. furthermore, the writer develops the mathematical concept with a powerful emphasis on chance intuition.
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Extra info for Applied Stochastic Processes
Applied Stochastic Processes by Ming Liao