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portada Discrete-Time Semi-Markov Random Evolutions and Their Applications
Type
Physical Book
Publisher
Author
Year
2023
Language
English
Pages
216
Format
Paperback
Dimensions
23.40 x 15.60 x 1.10 cm
ISBN13
9783031334306

Discrete-Time Semi-Markov Random Evolutions and Their Applications

Nikolaos Limnios;Anatoliy Swishchuk (Author) · Birkhäuser · Paperback

Discrete-Time Semi-Markov Random Evolutions and Their Applications - Nikolaos Limnios;Anatoliy Swishchuk

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Synopsis "Discrete-Time Semi-Markov Random Evolutions and Their Applications"

This book extends the theory and applications of random evolutions to semi-Markov random media in discrete time, essentially focusing on semi-Markov chains as switching or driving processes. After giving the definitions of discrete-time semi-Markov chains and random evolutions, it presents the asymptotic theory in a functional setting, including weak convergence results in the series scheme, and their extensions in some additional directions, including reduced random media, controlled processes, and optimal stopping. Finally, applications of discrete-time semi-Markov random evolutions in epidemiology and financial mathematics are discussed. This book will be of interest to researchers and graduate students in applied mathematics and statistics, and other disciplines, including engineering, epidemiology, finance and economics, who are concerned with stochastic models of systems.

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