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