Understanding Markov Chains Examples and Applications /
This book provides an undergraduate introduction to discrete and�continuous-time Markov chains and their applications. A large focus is placed on the first step analysis�technique and its applications to average hitting times and ruin probabilities. Classical topics such as recurrence and transience...
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| Format: | Electronic |
| Language: | English |
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Singapore :
Springer Singapore : Imprint: Springer,
2013.
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| Series: | Springer Undergraduate Mathematics Series,
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| Online Access: | https://ezaccess.library.uitm.edu.my/login?url=http://dx.doi.org/10.1007/978-981-4451-51-2 |