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Markov Processes for Stochastic Modeling (Paperback, 2nd edition)
Loot Price: R1,982
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Markov Processes for Stochastic Modeling (Paperback, 2nd edition)
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Markov processes are processes that have limited memory. In
particular, their dependence on the past is only through the
previous state. They are used to model the behavior of many systems
including communications systems, transportation networks, image
segmentation and analysis, biological systems and DNA sequence
analysis, random atomic motion and diffusion in physics, social
mobility, population studies, epidemiology, animal and insect
migration, queueing systems, resource management, dams, financial
engineering, actuarial science, and decision systems. Covering a
wide range of areas of application of Markov processes, this second
edition is revised to highlight the most important aspects as well
as the most recent trends and applications of Markov processes. The
author spent over 16 years in the industry before returning to
academia, and he has applied many of the principles covered in this
book in multiple research projects. Therefore, this is an
applications-oriented book that also includes enough theory to
provide a solid ground in the subject for the reader.
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