Stochastic Modeling: Analysis & Simulation

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9780486425696: Stochastic Modeling: Analysis & Simulation
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A coherent introduction to the techniques for modeling dynamic stochastic systems, this volume also offers a guide to the mathematical, numerical, and simulation tools of systems analysis. Suitable for advanced undergraduates and graduate-level industrial engineers and management science majors, it proposes modeling systems in terms of their simulation, regardless of whether simulation is employed for analysis. 
Beginning with a view of the conditions that permit a mathematical-numerical analysis, the text explores Poisson and renewal processes, Markov chains in discrete and continuous time, semi-Markov processes, and queuing processes. Each chapter opens with an illustrative case study, and comprehensive presentations include formulation of models, determination of parameters, analysis, and interpretation of results. Programming language–independent algorithms appear for all simulation and numerical procedures.

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About the Author:

Barry L. Nelson is Chair of the Department of Industrial Engineering and Management Sciences at Northwestern University.

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Other Popular Editions of the Same Title

9780486477701: Stochastic Modeling: Analysis and Simulation (Dover Books on Mathematics)

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ISBN 10:  0486477703 ISBN 13:  9780486477701
Publisher: Dover Publications, 2010
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Nelson, Barry L.
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