Level Crossing Methods in Stochastic Models

✍ Scribed by Percy H. Brill (auth.)

• Publisher: Springer International Publishing
• Year: 2017
• Tongue: English
• Leaves: 574
• Series: International Series in Operations Research & Management Science 250
• Edition: 2
• Category: Library

✦ Synopsis

This is a complete update of the first edition of Level Crossing Methods in Stochastic Models, which was published in 2008. Level crossing methods are a set of sample-path based mathematical tools used in applied probability to establish reliable probability distributions. Since the basis for solving any applied probability problem requires a reliable probability distribution, Level Crossing Methods in Stochastic Models, Second Edition is a useful tool for all researchers working on stochastic application problems, including inventory control, queueing theory, reliability theory, actuarial ruin theory, renewal theory, pharmacokinetics, and related Markov processes.
The second edition includes a new section with a novel derivation of the Beneš series for M/G/1 queues. It provides new results on the service time for three M/G/I queueing models with bounded workload. It analyzes new applications of queues where zero-wait customers get exceptional service, including several examples on M/G/1 queues, and a new section on G/M/1 queues. Additionally, there are two other important new sections: on the level-crossing derivation of the finite time-t probability distributions of excess, age, and total life, in renewal theory; and on a level-crossing analysis of a risk model in Insurance.
The original Chapter 10 has been split into two chapters: the new chapter 10 is on renewal theory, and the first section of the new Chapter 11 is on a risk model. More explicit use is made of the renewal reward theorem throughout, and many technical and editorial changes have been made to facilitate readability.
Percy H. Brill, Ph.D., is a Professor emeritus at the University of Windsor, Canada. Dr. Brill is the creator of the level crossing method for analyzing stochastic models. He has published extensively in stochastic processes, queueing theory and related models, especially using level crossing methods.

✦ Table of Contents

Front Matter....Pages i-xxvii
Origin of Level Crossing Method....Pages 1-17
Sample Path and System Point....Pages 19-47
M/G/1 Queues and Variants....Pages 49-185
M/M/c Queue....Pages 187-284
G/M/1 and G/M/c Queues....Pages 285-335
Dams and Inventories....Pages 337-387
Multi-dimensional Models....Pages 389-409
Embedded Level Crossing Method....Pages 411-427
Level Crossing Estimation....Pages 429-450
Renewal Theory Using LC....Pages 451-484
ADDITIONAL APPLICATIONS of LC....Pages 485-527
Back Matter....Pages 529-559

✦ Subjects

Operation Research/Decision Theory;Operations Research, Management Science