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9781439808757

Modeling and Analysis of Stochastic Systems, Second Edition

by ;
  • ISBN13:

    9781439808757

  • ISBN10:

    1439808759

  • Edition: 2nd
  • Format: Hardcover
  • Copyright: 2009-12-18
  • Publisher: Chapman & Hall/
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List Price: $125.00

Summary

This text covers the most important classes of stochastic processes used in the modeling of diverse systems. For each class of stochastic process, the author includes its definition, characterization, applications, transient and limiting behavior, first passage times, and cost/reward models. Along with new appendices that collect results from analysis and differential and difference equations, this edition contains a new chapter on diffusion processes with applications to finance. It also offers a more streamlined, application-oriented approach to renewal, regenerative, and Markov regenerative processes as well as downloadable MATLAB ® -based programs on the author's website. A solutions manual is available for qualifying instructors.

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