Understanding Markov Chains: Examples And Applications

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.

• | By (Author): Nicolas Privault
• | Publisher: Springer Verlag, Singapore
• | Publication Date: Aug 15, 2018
• | Country of Publication: Singapore
• | Number of Pages: 372 pages
• | Language: Unknown
• | Binding: Softback
• | ISBN-10: 9811306583
• | ISBN-13: 9789811306587