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Stopped Random Walks: Limit Theorems and Applications
Allan Gut
€ 64.98
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Description for Stopped Random Walks: Limit Theorems and Applications
Paperback. This new edition offers updated content and an outlook on further results, extensions and generalizations on stopped random walks. It also contains a new chapter on perturbed random walks and nearly 100 new bibliographic references. Series: Springer Series in Operations Research and Financial Engineering. Num Pages: 280 pages, biography. BIC Classification: PBT; PBUH. Category: (P) Professional & Vocational. Dimension: 254 x 178 x 14. Weight in Grams: 530.
Classical probability theory provides information about random walks after a fixed number of steps. For applications, however, it is more natural to consider random walks evaluated after a random number of steps. Examples are sequential analysis, queuing theory, storage and inventory theory, insurance risk theory, reliability theory, and the theory of contours. Stopped Random Walks: Limit Theorems and Applications shows how this theory can be used to prove limit theorems for renewal counting processes, first passage time processes, and certain two-dimenstional random walks, and to how these results are useful in various applications. This second ... Read more
Classical probability theory provides information about random walks after a fixed number of steps. For applications, however, it is more natural to consider random walks evaluated after a random number of steps. Examples are sequential analysis, queuing theory, storage and inventory theory, insurance risk theory, reliability theory, and the theory of contours. Stopped Random Walks: Limit Theorems and Applications shows how this theory can be used to prove limit theorems for renewal counting processes, first passage time processes, and certain two-dimenstional random walks, and to how these results are useful in various applications. This second ... Read more
Product Details
Publisher
Springer-Verlag New York Inc.
Format
Paperback
Publication date
2010
Series
Springer Series in Operations Research and Financial Engineering
Condition
New
Weight
527g
Number of Pages
263
Place of Publication
New York, NY, United States
ISBN
9781441927736
SKU
V9781441927736
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Allan Gut
Dr. Allan Gut is a professor of mathematical statistics at Uppsala University in Sweden. He has published many numerous articles, and has authored and co-authored six books, four of which were published by Springer. Three of those books, including the first edition of this book, have sold out, and Probability: A Graduate Course, published in 2005, is selling well.
Reviews for Stopped Random Walks: Limit Theorems and Applications
From the reviews of the second edition: Stopped random walks occur in sequential analysis renewal theory and queueing theory several applications are discussed in the text. ... The book under review is the second edition of a book first published in 1988 ... . lengthy bibliography from the first edition has been brought up to date. ... Read more