Applied Probability and Stochastic Processes

• Main Authors: Feldman, Richard M. (Author), Valdez-Flores, Ciriaco. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2010.
• Subjects: Engineering.; Computer simulation.; Engineering economy.; Business logistics.; Engineering Economics, Organization, Logistics, Marketing.; Production/Logistics.; Simulation and Modeling.; Statistical Physics, Dynamical Systems and Complexity.
• Online Access: https://ezaccess.library.uitm.edu.my/login?url=http://dx.doi.org/10.1007/978-3-642-05158-6

This book presents applied probability and stochastic processes in an elementary but mathematically precise manner, with numerous examples and exercises to illustrate the range of engineering and science applications of the concepts. The book is designed to give the reader an intuitive understanding...

Table of Contents:

• Basic Probability Review
• Basic of Monte Carlo Simulation
• Basic Statistical Review
• Poisson Processes
• Markov Chains
• Markov Processes
• Queueing Processes
• Queueing Networks
• Event-Driven Simulation and Output Analyses
• Inventory Theory
• Replacement Theory
• Markov Decision Processes
• Advanced Queues
• Matrix Review
• Index.