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Discrete-Time Semi-Markov Random Evolutions and Their Applications (1st ed. 2023) Loot Price: R3,173
Discovery Miles 31 730
Discrete-Time Semi-Markov Random Evolutions and Their Applications (1st ed. 2023): Nikolaos Limnios, Anatoliy Swishchuk

Discrete-Time Semi-Markov Random Evolutions and Their Applications (1st ed. 2023)

Nikolaos Limnios, Anatoliy Swishchuk

Series: Probability and Its Applications

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Loot Price R3,173 Discovery Miles 31 730 | Repayment Terms: R297 pm x 12*

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This book extends the theory and applications of random evolutions to semi-Markov random media in discrete time, essentially focusing on semi-Markov chains as switching or driving processes. After giving the definitions of discrete-time semi-Markov chains and random evolutions, it presents the asymptotic theory in a functional setting, including weak convergence results in the series scheme, and their extensions in some additional directions, including reduced random media, controlled processes, and optimal stopping. Finally, applications of discrete-time semi-Markov random evolutions in epidemiology and financial mathematics are discussed. This book will be of interest to researchers and graduate students in applied mathematics and statistics, and other disciplines, including engineering, epidemiology, finance and economics, who are concerned with stochastic models of systems.

General

Imprint: Birkhauser Verlag AG
Country of origin: Switzerland
Series: Probability and Its Applications
Release date: August 2023
Authors: Nikolaos Limnios • Anatoliy Swishchuk
Dimensions: 235 x 155mm (L x W)
Pages: 198
Edition: 1st ed. 2023
ISBN-13: 978-3-03-133428-3
Categories: Books
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LSN: 3-03-133428-0
Barcode: 9783031334283

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