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Stopped Random Walks - Limit Theorems and Applications (Paperback, Softcover reprint of hardcover 2nd ed. 2009) Loot Price: R1,613
Discovery Miles 16 130
Stopped Random Walks - Limit Theorems and Applications (Paperback, Softcover reprint of hardcover 2nd ed. 2009): Allan Gut

Stopped Random Walks - Limit Theorems and Applications (Paperback, Softcover reprint of hardcover 2nd ed. 2009)

Allan Gut

Series: Springer Series in Operations Research and Financial Engineering

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Loot Price R1,613 Discovery Miles 16 130 | Repayment Terms: R151 pm x 12*

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Classical probability theory provides information about random walks after a fixed number of steps. For applications, however, it is more natural to consider random walks evaluated after a random number of steps. Examples are sequential analysis, queuing theory, storage and inventory theory, insurance risk theory, reliability theory, and the theory of contours. Stopped Random Walks: Limit Theorems and Applications shows how this theory can be used to prove limit theorems for renewal counting processes, first passage time processes, and certain two-dimenstional random walks, and to how these results are useful in various applications.

This second edition offers updated content and an outlook on further results, extensions and generalizations. A new chapter examines nonlinear renewal processes in order to present the analagous theory for perturbed random walks, modeled as a random walk plus "noise."

General

Imprint: Springer-Verlag New York
Country of origin: United States
Series: Springer Series in Operations Research and Financial Engineering
Release date: December 2010
First published: 2009
Authors: Allan Gut
Dimensions: 235 x 178 x 19mm (L x W x T)
Format: Paperback
Pages: 263
Edition: Softcover reprint of hardcover 2nd ed. 2009
ISBN-13: 978-1-4419-2773-6
Categories: Books > Science & Mathematics > Mathematics > Probability & statistics
Books > Business & Economics > Business & management > Management & management techniques > Operational research
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LSN: 1-4419-2773-5
Barcode: 9781441927736

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