Introduction to probability models / Sheldon M. Ross.

Format:

Book

Author/Creator:

Ross, Sheldon M.

Contributor:

Anne and Joseph Trachtman Memorial Book Fund.

Alumni and Friends Memorial Book Fund.

Language:

English

Subjects (All):

Probabilities.

Physical Description:

xvii, 755 pages : illustrations ; 24 cm

Edition:

Eighth edition.

Place of Publication:

San Diego, CA : Academic Press, [2003]

Summary:

Introduction to Probability Models, 8th Edition, continues to introduce and inspire readers to the art of applying probability theory to phenomena in fields such as engineering, computer science, management and actuarial science, the physical and social sciences, and operations research. Now revised and updated, this best-selling book retains its hallmark intuitive, lively writing style, captivating introduction to applications from diverse disciplines, and plentiful exercises and worked-out examples. The 8th Edition includes five new sections and numerous new examples and exercises, many of which focus on strategies applicable in risk industries such as insurance or actuarial work. The five new sections include: " Section 3.6.4 presents an elementary approach, using only conditional expectation, for computing the expected time until a sequence of independent and identically distributed random variables produce a specified pattern. " Section 3.6.4 derives an identity involving compound Poisson random variables and then uses it to obtain an elegant recursive formula for the probabilities of compound Poisson random variables whose incremental increases are nonnegative and integer valued " Section 5.4.3 is concerned with a conditional Poisson process, a type of process that is widely applicable in the risk industries " Section 7.10 presents a derivation of and a new characterization for the classical insurance ruin probability. " Section 11.8 presents a simulation procedure known as coupling from the past; its use enables one to exactly generate the value of a random variable whose distribution is that of the stationary distribution of a given Markov chain, evenin cases where the stationary distribution cannot itself be explicitly determined. Other Academic Press books by Sheldon Ross: Simulation 3rd Ed., ISBN:0-12-598053-1Probability Models for Computer Science, ISBN 0-12-598051-5Introduction to Probability and Statistics for Engineers and Scientists, 2nd Ed., ISBN: 0-12-598472-3 " Classic text by best-selling author" Continues the tradition of expository excellence" Contains compulsory material for Exam 3 of the Society of Actuaries

Notes:

"International edition"--Cover.

Includes bibliographical references and index.

Local Notes:

Acquired for the Penn Libraries with assistance from the Alumni and Friends Memorial Book Fund.

Acquired for the Penn Libraries with assistance from the Anne and Joseph Trachtman Memorial Book Fund.

ISBN:

0125980558

OCLC:

51876627

Online:

Publisher description