Overview
Ross's classic bestseller, Introduction to Probability Models, has been used extensively by professionals and as the primary text for a first undergraduate course in applied probability. It provides an introduction to elementary probability theory and stochastic processes, and shows how probability theory can be applied to the study of phenomena in fields such as engineering, computer science, management science, the physical and social sciences, and operations research. With the addition of several new sections relating to actuaries, this text is highly recommended by the Society of Actuaries.
Ancillary list:
- Instructor's Manual -
- Student Solutions Manual - #42
- Sample Chapter, eBook -
New to this Edition:
- 65% new chapter material including coverage of finite capacity queues, insurance risk models and Markov chains
- Contains compulsory material for new Exam 3 of the Society of Actuaries containing several sections in the new exams
- Updated data, and a list of commonly used notations and equations, a robust ancillary package, including a ISM, SSM, test bank, and companion website
- Includes SPSS PASW Modeler and SAS JMP software packages which are widely used in the field
Hallmark features:
- Superior writing style
- Excellent exercises and examples covering the wide breadth of coverage of probability topics
- Real-world applications in engineering, science, business and economics
"...introduces elementary probability theory & stochastic processes...shows applications for engineering, the physical & social sciences, and operations research...features new material on K-records values & Ignatov's theorem.
Synopsis
Ross's classic bestseller, Introduction to Probability Models, has been used extensively by professionals and as the primary text for a first undergraduate course in applied probability. It provides an introduction to elementary probability theory and stochastic processes, and shows how probability theory can be applied to the study of phenomena in fields such as engineering, computer science, management science, the physical and social sciences, and operations research. With the addition of several new sections relating to actuaries, this text is highly recommended by the Society of Actuaries.
Editorials
From the Publisher
Praise from Reviewers:“This is a fascinating introduction to applications from a variety of disciplines. Any curious student will love this book."
- Jean LeMaire, University of Pennsylvania
“I think Ross has done an admirable job of covering the breadth of applied probability. Ross writes fantastic problems which really force the students to think divergently...The examples, like the exercises are great.”
- Matt Carlton, Cal Polytechnic Institute
“This book may be a model in the organization of the education process. I would definitely rate this text to be the best probability models book at its level of difficulty...far more sophisticated and deliberate than its competitors.”
- Kris Ostaszewski, University of Illinois