{"product_id":"stopped-random-walks-limit-theorems-and-applications-springer-series-in-operations-research-and-financial-engineering-0387878343","title":"Stopped Random Walks: Limit Theorems and Applications (Springer Series in Operations Research and Financial Engineering)","description":"\u003cp\u003e\u003cstrong\u003eISBN:\u003c\/strong\u003e 0387878343\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eAuthor:\u003c\/strong\u003e Gut, Allan\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eCondition:\u003c\/strong\u003e New\u003c\/p\u003e\u003cp\u003eClassical probability theory provides information about random walks after a fixed number of steps. For applications, however, it is more natural to consider random walks evaluated after a random number of steps. Examples are sequential analysis, queueing theory, storage and inventory theory, insurance risk theory, reliability theory, and the theory of counters. Stopped Random Walks: Limit Theorems and Applications shows how this theory can be used to prove limit theorems for renewal counting processes, first passage time processes, and certain two-dimensional random walks, and to how these results are useful in various applications.This second edition offers updated content and an outlook on further results, extensions and generalizations. A new chapter examines nonlinear renewal processes in order to present the analagous theory for perturbed random walks, modeled as a random walk plus noise.\u003c\/p\u003e","brand":"Mia Karts","offers":[{"title":"Default Title","offer_id":51824110895392,"sku":"NEW0387878343","price":57.62,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0980\/7426\/3840\/files\/51HE1h4B-tL.jpg?v=1781208185","url":"https:\/\/miakarts.com\/products\/stopped-random-walks-limit-theorems-and-applications-springer-series-in-operations-research-and-financial-engineering-0387878343","provider":"Miakarts Books","version":"1.0","type":"link"}