Applied Probability and Stochastic Processes / Edition 1 available in Hardcover
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In this book, Feldman and Valez-Flores present applied probability and stochastic processes in an elementary but mathematically precise manner, with numerous examples and exercises to illustrate the range of engineering and science applications for the concepts. The book is designed to give the reader an intuitive understanding of probabilistic reasoning, in addition to an understanding of mathematical concepts and principles. Unique features of the book include a self-contained chapter on simulation and early introduction of Markov chains.
Table of Contents1. Basic Probability. 2. Markov Chains. 3. Simulation. 4. Markov Processes. 5. Queueing Processes. 6. Event-Driven Simulation and Output Analyses. 7. Inventory Theory. 8. Replacement Theory. 9. Markov Decision Processes. 10. Advanced Queues. Appendices. Index.