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Stochastic Processes and Their Applications

Stochastic Processes and Their Applications PDF Author: Frank Beichelt
Publisher: CRC Press
ISBN: 9780415272322
Category : Mathematics
Languages : en
Pages : 342

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Book Description
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.