£126.04

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£126 today · usual range £97–£126 · best ever £97

CRC Press Fundamentals of Stochastic Models (Operations Research Series)

Amazon

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£126.16 £94.08 £101.08 £108.08 £115.08 £122.08 £129.08 11 August 2026 28 August 2026 15 September 2026 03 October 2026 21 October 2026
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55 days 17 days · current 0 14 28 41 55 £97 £126 Days at Price

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Price range: £97 - £126

Price levels: 2 different prices over 72 days

Description
Stochastic modeling is a set of quantitative techniques for analyzing practical systems with random factors. This area is highly technical and mainly developed by mathematicians. Most existing books are for those with extensive mathematical training; this book minimizes that need and makes the topics easily understandable. Fundamentals of Stochastic Models offers many practical examples and applications and bridges the gap between elementary stochastics process theory and advanced process theory. It addresses both performance evaluation and optimization of stochastic systems and covers different modern analysis techniques such as matrix analytical methods and diffusion and fluid limit methods. It goes on to explore the linkage between stochastic models, machine learning, and artificial intelligence, and discusses how to make use of intuitive approaches instead of traditional theoretical approaches. The goal is to minimize the mathematical background of readers that is required to understand the topics covered in this book. Thus, the book is appropriate for professionals and students in industrial engineering, business and economics, computer science, and applied mathematics.

Product Specifications
Brand
CRC Press
Format
hardcover
ASIN
036771261X
Category
Books > Subjects > Arts & Photography
Domain
Amazon UK
Release Date
31 May 2023
Listed Since
21 October 2022

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No barcode data available

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