Applied Semi-Markov Processes - Hardcover

Janssen, Jacques; Manca, Raimondo

Hardcover

ISBN 10: 038729547X ISBN 13: 9780387295473

Publisher: Springer, 2005

Synopsis

Aims to give to the reader the tools necessary to apply semi-Markov processes in real-life problems.

The book is self-contained and, starting from a low level of probability concepts, gradually brings the reader to a deep knowledge of semi-Markov processes.

Presents homogeneous and non-homogeneous semi-Markov processes, as well as Markov and semi-Markov rewards processes.

The concepts are fundamental for many applications, but they are not as thoroughly presented in other books on the subject as they are here.

About this title

From the Back Cover

Applied Semi-Markov Processes aims to give to the reader the tools necessary to apply semi-Markov processes in real-life problems. The book is self-contained and, starting from a low level of probability concepts, gradually brings the reader to a deep knowledge of semi-Markov processes. The book presents homogeneous and non-homogeneous semi-Markov processes, as well as Markov and semi-Markov rewards processes. These concepts are fundamental for many applications, but they are not as thoroughly presented in other books on the subject as they are here.

Audience

This book is intended for graduate students and researchers in mathematics, operations research and engineering; it might also appeal to actuaries and financial managers, and anyone interested in its applications for banks, mechanical industries for reliability aspects, and insurance companies.

Edition details

• Publisher: Springer
• Publication date: 2005
• Language: English
• ISBN 10: 038729547X
• ISBN 13: 9780387295473
• Binding: Hardcover
• Number of pages: 322