A First Course In Stochastic Models Av Henk C. (Vrije University The Netherlands) Tijms

The field of applied probability has changed profoundly in the past twenty years. The development of computational methods has greatly contributed to a better understanding of the theory. <i>A First Course in Stochastic Models</i> provides a self-contained introduction to the theory and applications of stochastic models. Emphasis is placed on establishing the theoretical foundations of the subject, thereby providing a framework in which the applications can be understood. Without this solid basis in theory no applications can be solved. <ul><li>Provides an introduction to the use of stochastic models through an integrated presentation of theory, algorithms and applications.</li><li>Incorporates recent developments in computational probability.</li><li>Includes a wide range of examples that illustrate the models and make the methods of solution clear.</li><li>Features an abundance of motivating exercises that help the student learn how to apply the theory.</li><li>Accessible to anyone w