{"product_id":"stochastic-processes-9781498778114","title":"Stochastic Processes","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eBased on a well-established and popular course taught by the authors over many years, Stochastic Processes: An Introduction, Third Edition, discusses the modelling and analysis of random experiments, where processes evolve over time. The text begins with a review of relevant fundamental probability. It then covers gambling problems, random walks, and Markov chains. The authors go on to discuss random processes continuous in time, including Poisson, birth and death processes, and general population models, and present an extended discussion on the analysis of associated stationary processes in queues. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThe book also explores reliability and other random processes, such as branching, martingales, and simple epidemics. A new chapter describing Brownian motion, where the outcomes are continuously observed over continuous time, is included. Further applications, worked examples and problems, and biographical details have been added to this edition. Much of the text has been \u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003ePraise for the second edition:\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003e\"… a clear, easily understandable and rather short overview on stochastic processes. The different topics are motivated very well, there are many graphs and 50—theoretical and practical—examples. … the book is written very carefully … for beginners, one could not imagine a better book.\"\u003cbr\u003e—Dominik Wied, \u003cem\u003eStatistical Papers\u003c\/em\u003e (2011) 52\u003c\/p\u003e\u003cp\u003e\"… a good resource as a textbook or as a reference to complement other literature, especially with the examples and problems provided.\"\u003cbr\u003e—\u003cem\u003eBiometrics\u003c\/em\u003e, 67, September 2011\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cstrong\u003eSome Background on Probability\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eSome Gambling Problems\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eRandom Walks\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eMarkov Chains\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003ePoisson Processes\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eBirth and Death Processes\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eQueues\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eReliability and Renewal\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eBranching and Other Random Processes\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eBrownian Motion: Wiener Process. Computer Simulations and Projects\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eAnswers and Comments on End-of-Chapter Problems\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eAppendix\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eReferences and Further Reading\u003c\/strong\u003e\u003c\/p\u003e","brand":"Taylor \u0026 Francis Inc","offers":[{"title":"Default Title","offer_id":50578122441047,"sku":"9781498778114","price":61.74,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781498778114.jpg?v=1746097993","url":"https:\/\/bookcurl.com\/products\/stochastic-processes-9781498778114","provider":"Book Curl","version":"1.0","type":"link"}