Modeling and Analysis of Stochastic Systems | Statistics

Product Description

Building on the author’s more than 35 years of teaching experience Modeling and Analysis of Stochastic Systems Third Edition covers the most important classes of stochastic processes used in the modeling of diverse systems. For each class of stochastic process the text includes its definition characterization applications transient and limiting behavior first passage times and cost/reward models. The third edition has been updated with several new applications including the Google search algorithm in discrete time Markov chains several examples from health care and finance in continuous time Markov chains and square root staffing rule in Queuing models. More than 50 new exercises have been …