Applied Probability and Stochastic Processes - Hardcover

Feldman, Richard M.; Valdez-Flores, Ciriaco

Hardcover

ISBN 10: 053493921X ISBN 13: 9780534939212

Publisher: Pws Pub Co, 1995

Synopsis

In this book, Feldman and Valdez-Flores present applied probability and stochastic processes in an elementary but mathematically precise manner, with numerous examples and exercises to illustrate the range of engineering and science applications for the concepts. The book is designed to give the reader an intuitive understanding of probabilistic reasoning, in addition to an understanding of mathematical concepts and principles. Unique features of the book include a self-contained chapter on simulation (Chapter 3) and early introduction of Markov chains.

About this title

From the Back Cover

This book presents applied probability and stochastic processes in an elementary but mathematically precise manner, with numerous examples and exercises to illustrate the range of engineering and science applications of the concepts. The book is designed to give the reader an intuitive understanding of probabilistic reasoning, in addition to an understanding of mathematical concepts and principles. The initial chapters present a summary of probability and statistics and then Poisson processes, Markov chains, Markov processes and queuing processes are introduced. Advanced topics include simulation, inventory theory, replacement theory, Markov decision theory, and the use of matrix geometric procedures in the analysis of queues.

Included in the second edition are appendices at the end of several chapters giving suggestions for the use of Excel in solving the problems of the chapter. Also new in this edition are an introductory chapter on statistics and a chapter on Poisson processes that includes some techniques used in risk assessment. The old chapter on queues has been expanded and broken into two new chapters: one for simple queuing processes and one for queuing networks. Support is provided through the web site http://apsp.tamu.edu where students will have the answers to odd numbered problems and instructors will have access to full solutions and Excel files for homework.

About the Author

Richard M. Feldman is a Professor of Industrial and Systems Engineering at Texas A&M University. He received a B.A. degree in mathematics from Hope College, an M.S. degree in mathematics from Michigan State University, an M.S. degree in Industrial and Systems Engineering from Ohio University, and a Ph.D. in Industrial Engineering from Northwestern University. His teaching interests include simulation, applied probability, and queueing theory. His consulting and funded research activities have involved modeling and simulation within manufacturing, transportation, and biological contexts. He has received several teaching awards, published papers in applied probability and queueing theory, and co-authored four books.

Ciriaco Valdez-Flores is senior risk assessment consultant at Sielken & Associates Consulting, Inc. He received a bachelor’s degree from the Tecnológico at Cd. Victoria in México and master’s and Ph.D. degrees from Texas A&M University, all in Industrial Engineering. He has taught graduate courses at Texas A&M University focusing in the areas of operations research and applied stochastic processes. As a consultant, he applies his background to the development of new methods of quantitative health risk assessment that incorporate simulation and decision tree theory. He has published in health risk assessment and stochastic processes, co-authored one book and has contributed to books in engineering economy and risk assessment.

Edition details

• Publisher: Pws Pub Co
• Publication date: 1995
• Language: English
• ISBN 10: 053493921X
• ISBN 13: 9780534939212
• Binding: Hardcover
• Edition number: 1
• Number of pages: 320