Overview
This volume of a 2-volume set explores the central facts and ideas of stochastic processes, illustrating their use in models based on applied and theoretical investigations. Explores stochastic processes, operating characteristics of stochastic systems, and stochastic optimization. Comprehensive in its scope, this graduate-level text emphasizes the practical importance, intellectual stimulation, and mathematical elegance of stochastic models.Synopsis
Writing for graduate students dealing with stochastic processes in a range of fields (such as operations research, management science, engineering, computer science, applied mathematics, and economics), the authors describe the operating characteristics of stochastic systems, including queuing systems. The first of two volumes, with the second devoted to stochastic optimization, presents generic models derived from renewal theory and the concept of regeneration epochs. Other topics include Markov chains, Brownian motion, and stationary processes. Calculus, elementary matrix algebra, and introductory probability theory are considered by the authors to be prerequisites for understanding. This is a paperbound edition of a work first published in 1982. Annotation ©2004 Book News, Inc., Portland, OR