Stochastic Processes and Their Applications
Book Details
Format
Hardback or Cased Book
ISBN-10
0415272327
ISBN-13
9780415272322
Publisher
Taylor & Francis Ltd
Imprint
CRC Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Oct 18th, 2001
Print length
338 Pages
Weight
748 grams
Dimensions
25.60 x 18.70 x 2.30 cms
Product Classification:
Economic statisticsProbability & statisticsApplied mathematics
Ksh 21,600.00
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Assuming basic knowledge of calculus and probability theory, this text presents stochastic processes in a user-friendly way, containing numerous worked examples. The large number of exercises allows readers to check their understanding of the underlying theory, along with their ability to apply stochastic modelling in their own fields.
This book introduces stochastic processes and their applications for students in engineering, industrial statistics, science, operations research, business, and finance. It provides the theoretical foundations for modeling time-dependent random phenomena encountered in these disciplines. Through numerous science and engineering-based examples and exercises, the author presents the subject in a comprehensible, practically oriented way, but he also includes some important proofs and theoretically challenging examples and exercises that will appeal to more mathematically minded readers. Solutions to most of the exercises are included either in an appendix or within the text.
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