A First Course in Stochastic Models

The field of applied probability has changed profoundly in the pasttwenty years. The development of computational methods has greatlycontributed to a better understanding of the theory. A FirstCourse in Stochastic Models provides a self-containedintroduction to the theory and applications of stochastic models.Emphasis is placed on establishing the theoretical foundations ofthe subject, thereby providing a framework in which theapplications can be understood. Without this solid basis in theoryno applications can be solved. * Provides an introduction to the use of stochastic modelsthrough an integrated presentation of theory, algorithms andapplications. * Incorporates recent developments in computationalprobability. * Includes a wide range of examples that illustrate the modelsand make the methods of solution clear. * Features an abundance of motivating exercises that help thestudent learn how to apply the theory. * Accessible to anyone with a basic knowledge ofprobability. A First Course in Stochastic Models is suitable forsenior undergraduate and graduate students from computer science,engineering, statistics, operations resear ch, and any otherdiscipline where stochastic modelling takes place. It stands outamongst other textbooks on the subject because of its integratedpresentation of theory, algorithms and applications.