About this book
This is a complete update of the first edition of Level Crossing Methods in Stochastic Models, which was published in 2008. Level crossing methods are a set of sample-path based mathematical tools used in applied probability to establish reliable probability distributions. Since the basis for solving any applied probability problem requires a reliable probability distribution, Level Crossing Methods in Stochastic Models, Second Edition is a useful tool for all researchers working on stochastic application problems, including inventory control, queueing theory, reliability theory, actuarial ruin theory, renewal theory, pharmacokinetics, and related Markov processes.
The second edition includes a new section with a novel derivation of the Beneš series for M/G/1 queues. It provides new results on the service time for three M/G/I queueing models with bounded workload. It analyzes new applications of queues where zero-wait customers get exceptional service, including several examples on M/G/1 queues, and a new section on G/M/1 queues. Additionally, there are two other important new sections: on the level-crossing derivation of the finite time-t probability distributions of excess, age, and total life, in renewal theory; and on a level-crossing analysis of a risk model in Insurance.
The original Chapter 10 has been split into two chapters: the new chapter 10 is on renewal theory, and the first section of the new Chapter 11 is on a risk model. More explicit use is made of the renewal reward theorem throughout, and many technical and editorial changes have been made to facilitate readability.
Percy H. Brill, Ph.D., is a Professor emeritus at the University of Windsor, Canada. Dr. Brill is the creator of the level crossing method for analyzing stochastic models. He has published extensively in stochastic processes, queueing theory and related models, especially using level crossing methods.
Level Crossing Methods Stochastic Models Applied Probability Inventory Control Renewal Theory Probability Distribution Queueing Theory Actuarial ruin models Operations Research
- Book Title Level Crossing Methods in Stochastic Models
- Series Title International Series in Operations Research & Management Science
- Series Abbreviated Title Int.Ser.Operations Res.
- DOI https://doi.org/10.1007/978-3-319-50332-5
- Copyright Information Springer International Publishing AG 2017
- Publisher Name Springer, Cham
- eBook Packages Business and Management Business and Management (R0)
- Hardcover ISBN 978-3-319-50330-1
- Softcover ISBN 978-3-319-84375-9
- eBook ISBN 978-3-319-50332-5
- Series ISSN 0884-8289
- Series E-ISSN 2214-7934
- Edition Number 2
- Number of Pages XXVII, 559
- Number of Illustrations 97 b/w illustrations, 27 illustrations in colour
Operations Research/Decision Theory
Operations Research, Management Science
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“Level crossing methods are a set of sample path-based mathematical tools used in applied probability to create reliable probability distributions. It consists of 11 Chapters, 145 items in the References … . this edition is a valuable tool for all researchers working on stochastic application problems, for example, inventory control, queueing theory, reliability theory, actuarial ruin theory, renewal theory, and related Markov processes.” (János Sztrik, zbMATH 1380.60002, 2018)