Basics of Probability and Stochastic Processes

Bas, Esra

ISBN 10: 3030323226 / ISBN 13: 9783030323226

Published by Springer, 2019

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Bibliographic Details

• Title: Basics of Probability and Stochastic Processes
• Publisher: Springer
• Publication Date: 2019
• Language: English
• ISBN 10: 3030323226
• ISBN 13: 9783030323226
• Binding: Hardcover
• Condition: New
• Book Type: book

About this title

Synopsis

This textbook explores probability and stochastic processes at a level that does not require any prior knowledge except basic calculus. It presents the fundamental concepts in a step-by-step manner, and offers remarks and warnings for deeper insights. The chapters include basic examples, which are revisited as the new concepts are introduced. To aid learning, figures and diagrams are used to help readers grasp the concepts, and the solutions to the exercises and problems. Further, a table format is also used where relevant for better comparison of the ideas and formulae. The first part of the book introduces readers to the essentials of probability, including combinatorial analysis, conditional probability, and discrete and continuous random variable. The second part then covers fundamental stochastic processes, including point, counting, renewal and regenerative processes, the Poisson process, Markov chains, queuing models and reliability theory. Primarily intended for undergraduate engineering students, it is also useful for graduate-level students wanting to refresh their knowledge of the basics of probability and stochastic processes.

About the Author

Esra Bas is professor of Industrial Engineering at Istanbul Technical University, Turkey.