Applied Probability and Stochastic Processes

  • Richard M. Feldman
  • Ciriaco Valdez-Flores

Table of contents

  1. Front Matter
    Pages i-xii
  2. Richard M. Feldman, Ciriaco Valdez-Flores
    Pages 1-43
  3. Richard M. Feldman, Ciriaco Valdez-Flores
    Pages 45-72
  4. Richard M. Feldman, Ciriaco Valdez-Flores
    Pages 73-113
  5. Richard M. Feldman, Ciriaco Valdez-Flores
    Pages 115-139
  6. Richard M. Feldman, Ciriaco Valdez-Flores
    Pages 141-179
  7. Richard M. Feldman, Ciriaco Valdez-Flores
    Pages 181-199
  8. Richard M. Feldman, Ciriaco Valdez-Flores
    Pages 201-225
  9. Richard M. Feldman, Ciriaco Valdez-Flores
    Pages 227-249
  10. Richard M. Feldman, Ciriaco Valdez-Flores
    Pages 251-284
  11. Richard M. Feldman, Ciriaco Valdez-Flores
    Pages 285-303
  12. Richard M. Feldman, Ciriaco Valdez-Flores
    Pages 305-321
  13. Richard M. Feldman, Ciriaco Valdez-Flores
    Pages 323-354
  14. Richard M. Feldman, Ciriaco Valdez-Flores
    Pages 355-379
  15. Back Matter
    Pages 1-17

About this book

Introduction

This book presents applied probability and stochastic processes in an elementary but mathematically precise manner, with numerous examples and exercises to illustrate the range of engineering and science applications of the concepts. The book is designed to give the reader an intuitive understanding of probabilistic reasoning, in addition to an understanding of mathematical concepts and principles. The initial chapters present a summary of probability and statistics and then Poisson processes, Markov chains, Markov processes and queuing processes are introduced. Advanced topics include simulation, inventory theory, replacement theory, Markov decision theory, and the use of matrix geometric procedures in the analysis of queues.

Included in the second edition are appendices at the end of several chapters giving suggestions for the use of Excel in solving the problems of the chapter. Also new in this edition are an introductory chapter on statistics and a chapter on Poisson processes that includes some techniques used in risk assessment. The old chapter on queues has been expanded and broken into two new chapters: one for simple queuing processes and one for queuing networks. Support is provided through the web site http://apsp.tamu.edu where students will have the answers to odd numbered problems and instructors will have access to full solutions and Excel files for homework.

Keywords

Inventory Theory Markov Chains Markov Decicision Processes Markov Processes Markov chain Markov decision process Markov process Monte Carlo Simulation Poisson Processes Poisson process Queueing Networks Queueing Processes Replacement Theory stochastic process

Authors and affiliations

  • Richard M. Feldman
    • 1
  • Ciriaco Valdez-Flores
    • 2
  1. 1.Dept. Industrial & Systems EngineeringTexas A & M UniversityCollege StationUSA
  2. 2.Sielken & Associates Consulting, Inc.BryanUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-05158-6
  • Copyright Information Springer-Verlag Berlin Heidelberg 2010
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Engineering
  • Print ISBN 978-3-642-05155-5
  • Online ISBN 978-3-642-05158-6
  • About this book