Introduction and Motivation

  • G. George Yin
  • Chao Zhu
Part of the Stochastic Modelling and Applied Probability book series (SMAP, volume 63)


This book focuses on switching diffusion processes involving both continuous dynamics and discrete events. Before proceeding to the detailed study, we address the following questions. Why should we study such hybrid systems? What are typical examples arising from applications? What are the main properties we wish to study? This introductory chapter provides motivations of our study, delineates switching diffusions in a simple way, presents a number of application examples, and gives an outline of the entire book.


Markov Chain Discrete Event Markov Decision Process Random Environment Regime Switching 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer-Verlag New York 2010

Authors and Affiliations

  1. 1.Department of MathematicsWayne State UniversityDetroitUSA
  2. 2.Department of Mathematical SciencesUniversity of Wisconsin-MilwaukeeMilwaukeeUSA

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