Introduction to Probability Models, Hardcover by Ross, Sheldon M., Brand New,...

Introduction to Probability Models, Hardcover by Ross, Sheldon M., ISBN 0124079482, ISBN-13 9780124079489, Brand New, Free P&P in the UKRoss presents this applied probability text, with the newest edition updated with new examples and exercises, actuarial material, Hawkes and other point processes, Brownian motion, and expanded coverage of Markov chains. Although formally rigorous, the emphasis is on helping students to develop an intuitive sense for probabilistic thinking. The first several chapters present axioms, the concept of random variables, and conditioning, including applications to computer lists, random graphs, and the Polya urn model. Further chapters introduce various probability models along with practical applications, including Markov chains in relation to genetics, production process, and birth-death modeling, Poisson processes in coupon collecting and tracking HIV, renewal theory, queueing theory and computer servers, reliability theory and engineering, and Brownian motion in conjunction with the arbitrage theorem and Black-Scholes option pricing formula. The final chapter discusses simulation for analytically intractable problems. Solutions to selected exercises are given in the appendix. Annotation ©2014 Ringgold, Inc., Portland, OR ()