Stochastic Processes

Download or read book Stochastic Processes written by Sheldon M. Ross and published by John Wiley & Sons. This book was released on 1995-02-28 with total page 549 pages. Available in PDF, EPUB and Kindle. Book excerpt: A nonmeasure theoretic introduction to stochastic processes. Considers its diverse range of applications and provides readers with probabilistic intuition and insight in thinking about problems. This revised edition contains additional material on compound Poisson random variables including an identity which can be used to efficiently compute moments; a new chapter on Poisson approximations; and coverage of the mean time spent in transient states as well as examples relating to the Gibb's sampler, the Metropolis algorithm and mean cover time in star graphs. Numerous exercises and problems have been added throughout the text.