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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 topics as renewal theory and Markov chains; semi-Markov, Markov renewal, and regenerative processes; inventory theory; and Brownian motion and continuous time optimization models. Each chapter is followed by a section of useful problems that illustrate and complement the text. There is also a short list of relevant references at the end of every chapter. Students will find this a largely self-contained text that requires little previous knowledge of the subject. It is especially suited for a one-year course in applied probability at the advanced undergraduate or beginning postgraduate level. 1970 edition."

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Author: Sheldon M Ross,Mathematics
Number of Pages: 198 pages
Published Date: 15 Apr 1993
Publisher: Dover Publications Inc.
Publication Country: New York, United States
Language: English
ISBN: 9780486673141
Download Link: Click Here
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