Stochastic calculus has important applications to mathematical finance. This book will appeal to practitioners and students who want an elementary introduction to these areas. From the reviews: "As the preface says, βThis is a text with an attitude, and it is designed to reflect, wherever possible a
Stochastic Models in Reliability (Stochastic Modelling and Applied Probability)
β Scribed by Terje Aven, Uwe Jensen
- Year
- 1999
- Tongue
- English
- Leaves
- 284
- Edition
- 1
- Category
- Library
No coin nor oath required. For personal study only.
β¦ Synopsis
A comprehensive up-to-date presentation of some of the classical areas of reliability, based on a more advanced probabilistic framework using the modern theory of stochastic processes. This framework allows analysts to formulate general failure models, establish formulae for computing various performance measures, as well as determine how to identify optimal replacement policies in complex situations.
π SIMILAR VOLUMES
Stochastic portfolio theory is a mathematical methodology for constructing stock portfolios and for analyzing the effects induced on the behavior of these portfolios by changes in the distribution of capital in the market. Stochastic portfolio theory has both theoretical and practical applications:
A new edition of a successful, well-established book that provides the reader with a text focused on practical rather than theoretical aspects of financial modelling Includes a new chapter devoted to volatility risk The theme of stochastic volatility reappears systematically and has been revised f
"This book is a highly recommendable survey of mathematical tools and results in applied probability with special emphasis on queueing theory....The second edition at hand is a thoroughly updated and considerably expended version of the first edition.... This book and the way the various topics are
Reliability theory and applications become major concerns of engineers and managers engaged in making high quality products and designing highly reliable systems. This book aims to survey new research topics in reliability theory and useful applied techniques in reliability engineering. <p> Our re
Reliability theory and applications become major concerns of engineers and managers engaged in making high quality products and designing highly reliable systems. This book aims to survey new research topics in reliability theory and useful applied techniques in reliability engineering. <p> Our re