Applied Probability and Stochastic Processes

This book presents selected papers from the International Conference on Advances in Applied Probability and Stochastic Processes, focusing on techniques for modelling and analyzing systems evolving with time. It discusses applications in queuing theory, reliability, inventory, financial mathematics, and operations research, and is intended for a broad audience.

Format: Paperback / softback
Length: 521 pages
Publication date: 30 August 2021
Publisher: Springer Verlag, Singapore

This book is a compilation of selected papers presented at the International Conference on Advances in Applied Probability and Stochastic Processes, held at CMS College, Kerala, India, from 7 to 10 January 2019. The conference aimed to bring together researchers and practitioners from around the world to explore innovative techniques for modelling and analyzing systems that evolve over time.

The book focuses on applied probability and stochastic processes, with a particular emphasis on developing methods for modelling and analyzing systems that change over time. It discusses various applications of stochastic modelling in fields such as queuing theory, reliability, inventory, financial mathematics, operations research, and more.

The book is designed to appeal to a broad audience, including researchers interested in applied probability, stochastic modelling with reference to queuing theory, inventory, and reliability, as well as professionals working in industries such as communication and computer networks, distributed information systems, next-generation communication systems, intelligent transportation networks, and financial markets.

The papers presented in this book cover a wide range of topics, including but not limited to:

- Stochastic processes and their applications in modelling complex systems
- Queueing theory and its applications in communication networks
- Inventory management and optimization using stochastic models
- Reliability analysis and maintenance using stochastic models
- Financial mathematics and risk management with stochastic models
- Operations research and optimization using stochastic models
- Applications of stochastic modelling in energy systems and environmental science

Each paper in the book is carefully reviewed by experts in the field, ensuring that the content is up-to-date and relevant to current research trends. The book also includes an introduction that provides an overview of the conference and highlights the key themes and findings of the presented papers.

Overall, this book is a valuable resource for researchers, practitioners, and students interested in applied probability and stochastic processes. It provides a comprehensive overview of the latest developments in the field and serves as a reference for future research and applications.

Weight: 813g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811559532
Edition number: 1st ed. 2020