{"product_id":"modeling-and-analysis-of-stochastic-systems-1","title":"MODELING AND ANALYSIS OF STOCHASTIC SYSTEMS","description":"\u003cp\u003eBased on the author’s more than 25 years of teaching experience, \u003cstrong\u003eModeling and Analysis of Stochastic Systems, Second Edition\u003c\/strong\u003e covers the most important classes of stochastic processes used in the modeling of diverse systems, from supply chains and inventory systems to genetics and biological systems. For each class of stochastic process, the text includes its definition, characterization, applications, transient and limiting behavior, first passage times, and cost\/reward models. Along with reorganizing the material, this edition revises and adds new exercises and examples.\u003c\/p\u003e\\n\u003cp\u003e\u003cstrong\u003eNew to the Second Edition\u003c\/strong\u003e\u003c\/p\u003e\\n\u003cul\u003e\\n\u003cp\u003e \u003c\/p\u003e\\n\u003cli\u003eA new chapter on diffusion processes that gives an accessible and non-measure-theoretic treatment with applications to finance\u003c\/li\u003e\\n\u003cli\u003eA more streamlined, application-oriented approach to renewal, regenerative, and Markov regenerative processes\u003c\/li\u003e\\n\u003cli\u003eTwo appendices that collect relevant results from analysis and differential and difference equations\u003c\/li\u003e\\n\u003cp\u003e \u003c\/p\u003e\n\u003c\/ul\u003e\\n\u003cp\u003e \u003c\/p\u003e\\n\u003cp\u003eRather than offer special tricks that work in specific problems, this book provides thorough coverage of general tools that enable the solution and analysis of stochastic models. After mastering the material in the text, students will be well-equipped to build and analyze useful stochastic models for various situations.\u003c\/p\u003e","brand":"CHAPMAN \u0026 HALL","offers":[{"title":"Default Title","offer_id":44745758441761,"sku":"442280","price":85.75,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/3549\/8785\/products\/9781439808757_4bbc2219-c2f5-46f9-8e55-3890610e3bff.jpg?v=1682280121","url":"https:\/\/emka.si\/products\/modeling-and-analysis-of-stochastic-systems-1","provider":"EMKA","version":"1.0","type":"link"}