Introduction to Stochastic Processes: Queues, Finance, and Credit Risk. Dharmaraja Selvamuthu
Introduction-to-Stochastic.pdf
ISBN: 9789819761517 | 571 pages | 15 Mb
- Introduction to Stochastic Processes: Queues, Finance, and Credit Risk
- Dharmaraja Selvamuthu
- Page: 571
- Format: pdf, ePub, fb2, mobi
- ISBN: 9789819761517
- Publisher: Springer Nature Singapore
Free sales audio book downloads Introduction to Stochastic Processes: Queues, Finance, and Credit Risk
Overview
This is an essential textbook for senior undergraduate and graduate students of statistics, shastic processes, shastic finance, and probability theory. It covers all the important notations of probability theory and shastic processes that are crucial for students to overcome their initial challenges during their studies. It thoroughly discusses the concepts of shastic processes, both Markov and non-Markov processes, as well as shastic calculus. With a special focus on finance, the book dedicates three chapters to explore the applications of shastic processes in options, credit risk and insurance. Organized into sixteen chapters and one appendix, the book takes the readers to a well-organized learning. To fully grasp the intricacies of shastic processes, students are expected to have a solid grounding in real analysis, linear algebra, and differential equations. Practical examples are emphasized throughout the book, carefully selected from various fields. The exercises at the end of each chapter are designed with the same objective in mind. Shastic processes play a significant role in various scientific disciplines and real-life applications.