TY - BOOK AU - Feldman,Richard M. AU - Valdez-Flores,Ciriaco ED - SpringerLink (Online service) TI - Applied Probability and Stochastic Processes SN - 9783642051586 AV - TA177.4-185 U1 - 658.5 23 PY - 2010/// CY - Berlin, Heidelberg PB - Springer Berlin Heidelberg KW - Engineering KW - Computer simulation KW - Engineering economy KW - Business logistics KW - Engineering Economics, Organization, Logistics, Marketing KW - Production/Logistics KW - Simulation and Modeling KW - Statistical Physics, Dynamical Systems and Complexity N1 - Basic Probability Review -- Basics of Monte Carlo Simulation -- Basic Statistical Review -- Poisson Processes -- Markov Chains -- Markov Processes -- Queueing Processes -- Queueing Networks -- Event-Driven Simulation and Output Analyses -- Inventory Theory -- Replacement Theory -- Markov Decision Processes -- Advanced Queues N2 - This book presents applied probability and stochastic processes in an elementary but mathematically precise manner, with numerous examples and exercises to illustrate the range of engineering and science applications of the concepts. The book is designed to give the reader an intuitive understanding of probabilistic reasoning, in addition to an understanding of mathematical concepts and principles. The initial chapters present a summary of probability and statistics and then Poisson processes, Markov chains, Markov processes and queuing processes are introduced. Advanced topics include simulation, inventory theory, replacement theory, Markov decision theory, and the use of matrix geometric procedures in the analysis of queues. Included in the second edition are appendices at the end of several chapters giving suggestions for the use of Excel in solving the problems of the chapter. Also new in this edition are an introductory chapter on statistics and a chapter on Poisson processes that includes some techniques used in risk assessment. The old chapter on queues has been expanded and broken into two new chapters: one for simple queuing processes and one for queuing networks. Support is provided through the web site http://apsp.tamu.edu where students will have the answers to odd numbered problems and instructors will have access to full solutions and Excel files for homework UR - http://148.231.10.114:2048/login?url=http://link.springer.com/book/10.1007/978-3-642-05158-6 ER -