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Stochastic Processes - An Introduction, Third Edition (Paperback, 3rd edition)
Loot Price: R1,604
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Stochastic Processes - An Introduction, Third Edition (Paperback, 3rd edition)
Series: Chapman & Hall/CRC Texts in Statistical Science
Expected to ship within 10 - 15 working days
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Based on a well-established and popular course taught by the
authors over many years, Stochastic Processes: An Introduction,
Third Edition, discusses the modelling and analysis of random
experiments, where processes evolve over time. The text begins with
a review of relevant fundamental probability. It then covers
gambling problems, random walks, and Markov chains. The authors go
on to discuss random processes continuous in time, including
Poisson, birth and death processes, and general population models,
and present an extended discussion on the analysis of associated
stationary processes in queues. The book also explores reliability
and other random processes, such as branching, martingales, and
simple epidemics. A new chapter describing Brownian motion, where
the outcomes are continuously observed over continuous time, is
included. Further applications, worked examples and problems, and
biographical details have been added to this edition. Much of the
text has been reworked. The appendix contains key results in
probability for reference. This concise, updated book makes the
material accessible, highlighting simple applications and examples.
A solutions manual with fully worked answers of all end-of-chapter
problems, and Mathematica (R) and R programs illustrating many
processes discussed in the book, can be downloaded from
crcpress.com.
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