Elements Of Stochastic Modelling (Third Edition)
Regular price
€132.99
Regular price
€133.99
Sale
Sale price
€132.99
14 days return policy
Shipping & Delivery
A01=Konstantin Borovkov
Age Group_Uncategorized
Age Group_Uncategorized
Author_Konstantin Borovkov
automatic-update
Category1=Non-Fiction
Category=KCH
Category=PBW
Category=PBWL
COP=Singapore
Delivery_Pre-order
eq_bestseller
eq_business-finance-law
eq_isMigrated=0
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Introductory Mathematical Finance
Language_English
Markov Chains
Markov Processes
PA=Temporarily unavailable
Price_€100 and above
Probability
PS=Forthcoming
Queueing Theory
Simulation
softlaunch
Stochastic Calculus
Stochastic Modelling
Time Series
Product details
- ISBN 9789811268380
- Publication Date: 12 Mar 2024
- Publisher: World Scientific Publishing Co Pte Ltd
- Publication City/Country: SG
- Product Form: Hardback
- Language: English
Secure
checkout
Fast Shipping
Easy returns
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 of queueing theory, basic renewal theory, elements of time series and simulation. It also features elements of stochastic calculus and introductory mathematical finance. This makes the book suitable for a larger variety of university courses presenting the fundamentals of modern stochastic modelling.To make the text covering a lot of material more appealing and accessible to the reader, instead of rigorous proofs we often give only sketches of the arguments, with indications as to why a particular result holds and also how it is related to other results, and illustrate them by examples. It is in this aspect that the present, third edition differs from the second one: the included background material and argument sketches have been extended, made more graphical and informative. The whole text was reviewed and streamlined wherever possible to make the book more attractive and useful for readers. Where appropriate, the book includes references to more specialised texts on respective topics that contain both complete proofs and more advanced material.
