Markov Models & Optimization (Chapman & Hall/CRC Monographs on Statistics & Applied Probability)
By M.H.A. Davis.
Description
This book presents a radically new approach to problems of evaluating and optimizing the performance of continuous-time stochastic systems. This approach is based on the use of a family of Markov processes called Piecewise-Deterministic Processes (PDPs) as a general class of stochastic system models. A PDP is a Markov process that follows deterministic trajectories between random jumps, the latter occurring either spontaneously, in a Poisson-like fashion, or when the process hits the boundary of its state space. This formulation includes an enormous variety of applied problems in engineerin...
ISBN(s)
041231410X, 9780412314100
