This book provides a pedagogical examination of the way in which stochastic models are encountered in applied sciences and techniques such as physics, engineering, biology and genetics, economics and social sciences. It covers Markov and semi-Markov models, as well as their particular cases: Poisson, renewal processes, branching processes, Ehrenfest models, genetic models, optimal stopping, reliability, reservoir theory, storage models, and queuing systems. Given this comprehensive treatment of the subject, students and researchers in applied sciences, as well as anyone looking for an introduction to stochastic models, will find this title of invaluable use.
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Marius Iosifescu is the author of Introduction to Stochastic Models, published by Wiley.
Nikolaos Limnios is a Professor at the University of Technology, Compiègne, France. His research includes reliability, applied stochastic processes and statistics. He has written and edited many books in the reliability field.
Gheorghe Oprisan is the author of Introduction to Stochastic Models, published by Wiley.
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