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Discrete-Time Semi-Markov Random Evolutions and Their Applications

Discrete-Time Semi-Markov Random Evolutions and Their Applications

Anatoliy Swishchuk / Nikolaos Limnios

159,27 €
IVA incluido
Disponible
Editorial:
Springer Nature B.V.
Año de edición:
2023
Materia
Probabilidad y estadística
ISBN:
9783031334283
159,27 €
IVA incluido
Disponible

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This book extends the theory and applications of random evolutions to semi-Markov random media in discrete time, essentially focusing on semi-Markov chains as switching or driving processes. After giving the definitions of discrete-time semi-Markov chains and random evolutions, it presents the asymptotic theory in a functional setting, including weak convergence results in the series scheme, and their extensions in some additional directions, including reduced random media, controlled processes, and optimal stopping. Finally, applications of discrete-time semi-Markov random evolutions in epidemiology and financial mathematics are discussed. This book will be of interest to researchers and graduate students in applied mathematics and statistics, and other disciplines, including engineering, epidemiology, finance and economics, who are concerned with stochastic models of systems.

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Otros libros del autor

  • Discrete-Time Semi-Markov Random Evolutions and Their Applications
    Anatoliy Swishchuk / Nikolaos Limnios
    This book extends the theory and applications of random evolutions to semi-Markov random media in discrete time, essentially focusing on semi-Markov chains as switching or driving processes. After giving the definitions of discrete-time semi-Markov chains and random evolutions, it presents the asymptotic theory in a functional setting, including weak convergence results in the ...
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