Stochastic Processes

Based on highly popular classes taught by the authors, this text provides an introductory text on stochastic processes. The first chapter is a primer on essential facets of probability. Another chapter is updated to take advantage of computer simulations and projects using Mathematica(R) and R. Each [...]
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Based on highly popular classes taught by the authors, this text provides an introductory text on stochastic processes. The first chapter is a primer on essential facets of probability. Another chapter is updated to take advantage of computer simulations and projects using Mathematica(R) and R. Each chapter covers a specific stochastic process including random walks, Markov chains, Poisson processes, birth and death processes, and queues. Also included are reliability and renewal functions and other random stochastic processes. The text provides over 50 worked examples. A further 200 problems at the end of the chapters provide detailed solutions, which can be accessed online via the book's website. Multi/Card Deck Copy