Stopped Random Walks

Limit Theorems and Applications

Inbunden, Engelska, 2009

Av Allan Gut

709 kr

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Classical probability theory provides information about random walks after a fixed number of steps. For applications, however, it is more natural to consider random walks evaluated after a random number of steps. Examples are sequential analysis, queueing theory, storage and inventory theory, insurance risk theory, reliability theory, and the theory of counters. Stopped Random Walks: Limit Theorems and Applications shows how this theory can be used to prove limit theorems for renewal counting processes, first passage time processes, and certain two-dimensional random walks, and to how these results are useful in various applications.This second edition offers updated content and an outlook on further results, extensions and generalizations. A new chapter examines nonlinear renewal processes in order to present the analagous theory for perturbed random walks, modeled as a random walk plus “noise”.

Produktinformation

  • Utgivningsdatum2009-02-27
  • Mått178 x 235 x 20 mm
  • Vikt658 g
  • FormatInbunden
  • SpråkEngelska
  • SerieSpringer Series in Operations Research and Financial Engineering
  • Antal sidor263
  • Upplaga2
  • FörlagSpringer-Verlag New York Inc.
  • ISBN9780387878348