This is a review of the most recent work in this active area of applied probability, together with an indication of where it links to established research. Series: Stochastic Modeling. Num Pages: 341 pages, biography. BIC Classification: PBWL. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 243 x 163 x 18. Weight in Grams: 594. . 1997. Paperback. . . . . Books ship from the US and Ireland.

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Detalles bibliogr�ficos

T�tulo: Markov Processes for Stochastic Modeling
Editor: Taylor & Francis Ltd
Fecha de publicaci�n: 1997
Idioma: Ingl�s
ISBN 10: 0412606607
ISBN 13: 9780412606601
Encuadernaci�n: Encuadernaci�n de tapa blanda
Estado: New

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Sinopsis

This book presents an algebraic development of the theory of countable state space Markov chains with discrete- and continuous-time parameters. A Markov chain is a stochastic process characterized by the Markov prop� erty that the distribution of future depends only on the current state, not on the whole history. Despite its simple form of dependency, the Markov property has enabled us to develop a rich system of concepts and theorems and to derive many results that are useful in applications. In fact, the areas that can be modeled, with varying degrees of success, by Markov chains are vast and are still expanding. The aim of this book is a discussion of the time-dependent behavior, called the transient behavior, of Markov chains. From the practical point of view, when modeling a stochastic system by a Markov chain, there are many instances in which time-limiting results such as stationary distributions have no meaning. Or, even when the stationary distribution is of some importance, it is often dangerous to use the stationary result alone without knowing the transient behavior of the Markov chain. Not many books have paid much attention to this topic, despite its obvious importance.

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Kijima, Masaaki

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