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Understanding Markov Chains

- Examples and Applications

About Understanding Markov Chains

This book provides an undergraduate-level introduction to discrete and continuous-time Markov chains and their applications, with a particular focus on the first step analysis technique and its applications to average hitting times and ruin probabilities.

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  • Language:
  • English
  • ISBN:
  • 9789811306587
  • Binding:
  • Paperback
  • Pages:
  • 372
  • Published:
  • August 14, 2018
  • Edition:
  • 22018
  • Dimensions:
  • 235x155x23 mm.
  • Weight:
  • 596 g.
  In stock
Delivery: 3-5 business days
Expected delivery: November 13, 2024

Description of Understanding Markov Chains

This book provides an undergraduate-level introduction to discrete and continuous-time Markov chains and their applications, with a particular focus on the first step analysis technique and its applications to average hitting times and ruin probabilities.

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