Applied Probability Models with Optimization Applications (Dover Books on Mathematics)

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"A clarity of style and a conciseness of treatment which students will find most welcome. The material is valuable and well organized ... an excellent introduction to applied probability." — Journal of the American Statistical Association. This book offers a concise introduction to some of the stochastic processes that frequently arise in applied probability. Emphasis is on optimization models and methods, particularly in the area of decision processes. After reviewing some basic notions of probability theory and stochastic processes, the author presents a useful treatment of the Poisson process, including compound and nonhomogeneous Poisson processes. Subsequent chapters deal with such top…