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Books > Business & Economics > Business & management > Management & management techniques > Operational research
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Stochastic Processes and Models (Paperback)
Loot Price: R1,817
Discovery Miles 18 170
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Stochastic Processes and Models (Paperback)
Expected to ship within 10 - 15 working days
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Stochastic Processes and Models provides a concise and lucid
introduction to simple stochastic processes and models. Including
numerous exercises, problems and solutions, it covers the key
concepts and tools, in particular: randon walks, renewals, Markov
chains, martingales, the Wiener process model for Brownian motion,
and diffusion processes, concluding with a brief account of the
stochastic integral and stochastic differential equations as they
arise in option-pricing. The text has been thoroughly class-tested
and is ideal for an undergraduate second course in probability for
students of statistics, mathematics, finance and operational
research.
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