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Modeling and Analysis of Stochastic Systems (Chapman & Hall/CRC Texts in Statistical Science) - Hardcover
Synopsis
This practical and accessible text enables readers from engineering, business, operations research, public policy and computer science to analyze stochastic systems. Emphasizing the modeling of real-life situations with stochastic elements and analyzing the resulting stochastic model, it presents the major cases of useful stochastic processes-discrete and continuous time Markov chains, renewal processes, regenerative processes, and Markov regenerative processes. The author provides reader-friendly yet rigorous coverage. He follows a set pattern of development for each class of stochastic processes and introduces Markov chains before renewal processes, so that readers can begin modeling systems early. He demonstrates both numerical and analytical solution methods in detail and dedicates a separate chapter to queueing applications. Modeling and Analysis of Stochastic Systems includes numerous worked examples and exercises, conveniently categorized as modeling, computational, or conceptual and making difficult concepts easy to grasp. Taking a practical approach to working with stochastic models, this book helps readers to model and analyze the increasingly complex and interdependent systems made possible by recent advances.
"synopsis" may belong to another edition of this title.
About the Author
University of North Carolina, Chapel Hill, USA
Review
...a beautiful introductory textbook on stochastic processes...Plenty of applications, examples, and exercises bring the reader to the intuitive understanding of the subject.
-Zentralblatt für Mathematik
Well-chosen examples and interesting exercises make this text a good choice for a first course in stochastic processes for a broad class of students.
- Journal of the American Statistical Association
"About this title" may belong to another edition of this title.
- PublisherChapman and Hall/CRC
- Publication date1996
- ISBN 10 0412049910
- ISBN 13 9780412049910
- BindingHardcover
- LanguageEnglish
- Edition number1
- Number of pages634
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