Springer Texts in Statistics

Introduction to Modeling and Analysis of Stochastic Systems

Authors: Kulkarni, V. G.

  • Enables readers to develop accurate mathematical models of systems that evolve randomly in time
  • Reader able to use the stochastic models developed in the book to design systems to achieve preferred performance targets
  • Includes large number of examples and detailed case studies that provide an easy way to understand the concepts and the methodologies of stochastic modeling
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eBook $69.99
price for USA (gross)
  • ISBN 978-1-4419-1772-0
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $89.95
price for USA
  • ISBN 978-1-4419-1771-3
  • Free shipping for individuals worldwide
  • Online orders shipping within 2-3 days.
Softcover $89.95
price for USA
  • ISBN 978-1-4614-2735-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this Textbook

This is an introductory-level text on stochastic modeling. It is suited for undergraduate students in engineering, operations research, statistics, mathematics, actuarial science, business management, computer science, and public policy. It employs a large number of examples to teach the students to use stochastic models of real-life systems to predict their performance, and use this analysis to design better systems. The book is devoted to the study of important classes of stochastic processes: discrete and continuous time Markov processes, Poisson processes, renewal and regenerative processes, semi-Markov processes, queueing models, and diffusion processes. The book systematically studies the short-term and the long-term behavior, cost/reward models, and first passage times. All the material is illustrated with many examples, and case studies. The book provides a concise review of probability in the appendix. The book emphasizes numerical answers to the problems. A collection of MATLAB programs to accompany the this book can be downloaded from http://www.unc.edu/~vkulkarn/Maxim/maxim.zip. A graphical user interface to access the above files can be downloaded from http://www.unc.edu/~vkulkarn/Maxim/maximgui.zip . The second edition incorporates several changes. First its title reflects the changes in content: the chapters on design and control have been removed. The book now contains several case studies that teach the design principles. Two new chapters have been added. The new chapter on Poisson processes gives more attention to this important class of stochastic processes than the first edition did. The new chapter on Brownian motion reflects its increasing importance as an appropriate model for a variety of real-life situations, including finance. V. G. Kulkarni is Professor in the Department of Statistics and Operations Research in the University of North Carolina, Chapel Hill. He has authored a graduate-level text Modeling and Analysis of Stochastic Systems and dozens of articles on stochastic models of queues, computer and communications systems, and production and supply chain systems. He holds a patent on traffic management in telecommunication networks, and has served on the editorial boards of Operations Research Letters, Stochastic Models, and Queueing Systems and Their Applications.

About the authors

V. G. Kulkarni is Professor in the Department of Statistics and Operations Research in the University of North Carolina, Chapel Hill. He has authored a graduate-level text Modeling and Analysis of Stochastic Systems and dozens of articles on stochastic models of queues, computer and communications systems, and production and supply chain systems. He holds a patent on traffic management in telecommunication networks, and has served on the editorial boards of Operations Research Letters, Stochastic Models, and Queueing Systems and Their Applications.

Reviews

From the reviews of the second edition:

“The author has added a new chapter on Poisson processes and another one on Brownian motion. The discussion is kept on an elementary level and does not require any knowledge from measure theory or advanced calculus. … the text is suitable for an undergraduate course on probabilistic modeling for students from physics, engineering, operations research, computer science, business administration or some related field that needs advanced modeling techniques.” (H. M. Mai, Zentralblatt MATH, Vol. 1222, 2011)

“Suitable for undergraduates in Mathematics, Statistics, Operations Research, Computer Science, Business Administration, Public Policy, etc. This is a very clear and readable text on Markov chains, Poisson processes, continuous time Markov chains, renewal processes, and queuing processes. … The treatment is very clear, intuitive as well as rigorous, without being pedantic, and full of interesting examples and case studies. … The book should be fun to teach from and learn from.” (Jayanta K. Ghosh, International Statistical Review, Vol. 80 (3), 2012)


Table of contents (7 chapters)

Buy this book

eBook $69.99
price for USA (gross)
  • ISBN 978-1-4419-1772-0
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $89.95
price for USA
  • ISBN 978-1-4419-1771-3
  • Free shipping for individuals worldwide
  • Online orders shipping within 2-3 days.
Softcover $89.95
price for USA
  • ISBN 978-1-4614-2735-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Introduction to Modeling and Analysis of Stochastic Systems
Authors
Series Title
Springer Texts in Statistics
Copyright
2011
Publisher
Springer-Verlag New York
Copyright Holder
Springer Science+Business Media, LLC
eBook ISBN
978-1-4419-1772-0
DOI
10.1007/978-1-4419-1772-0
Hardcover ISBN
978-1-4419-1771-3
Softcover ISBN
978-1-4614-2735-3
Series ISSN
1431-875X
Edition Number
2
Number of Pages
XIII, 313
Topics