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Book

Elements of Stochastic Modelling

ISBN : 9789811269448

Author : Konstantin Borovkov

Publisher : World Scientific

Year : 2024

Language : English

Type : Book

Description : This is a thoroughly revised and expanded third edition of a successful university textbook that provides a broad introduction to key areas of stochastic modelling. The previous edition was developed from lecture notes for two one-semester courses for third-year science and actuarial students at the University of Melbourne.This book reviews the basics of probability theory and presents topics on Markov chains, Markov decision processes, jump Markov processes, elements

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