Introduction to Stochastic Processes: Queues, Finance, and Credit Risk - Couverture souple

Selvamuthu, Dharmaraja

Couverture souple

ISBN 10 : 9819761549 ISBN 13 : 9789819761548

Editeur : Springer Verlag, Singapore, 2026

Synopsis

This is an essential textbook for senior undergraduate and graduate students of statistics, stochastic processes, stochastic finance, and probability theory. It covers all the important notations of probability theory and stochastic processes that are crucial for students to overcome their initial challenges during their studies. It thoroughly discusses the concepts of stochastic processes, both Markov and non-Markov processes, as well as stochastic calculus. With a special focus on finance, the book dedicates three chapters to explore the applications of stochastic 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 stochastic 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. Stochastic processes play a significant role in various scientific disciplines and real-life applications. 

Détails de l'édition

• Éditeur: Springer Verlag, Singapore
• Date d'édition: 2026
• Langue: anglais
• ISBN 10: 9819761549
• ISBN 13: 9789819761548
• Reliure: Broché
• Nombre de pages: 595
• Coordonnées du fabricant: Springer Nature Customer Service Center GmbH; ProductSafety@springernature.com; ; Europaplatz 3; Heidelberg; 69115; Allemagne