## Probability, Markov Chains, Queues, and Simulation: |

The textbook looks at the fundamentals of probability theory, from the basic concepts of set-based probability, through probability distributions, to bounds, limit theorems, and the laws of large numbers. Discrete and continuous-time Markov chains are analyzed from a theoretical and computational point of view. Topics include the Chapman-Kolmogorov equations; irreducibility; the potential, fundamental, and reachability matrices; random walk problems; reversibility; renewal processes; and the numerical computation of stationary and transient distributions. The M/M/1 queue and its extensions to more general birth-death processes are analyzed in detail, as are queues with phase-type arrival and service processes. The M/G/1 and G/M/1 queues are solved using embedded Markov chains; the busy period, residual service time, and priority scheduling are treated. Open and closed queueing networks are analyzed. The final part of the book addresses the mathematical basis of simulation. Each chapter of the textbook concludes with an extensive set of exercises. An instructor's solution manual, in which all exercises are completely worked out, is also available (to professors only). - Numerous examples illuminate the mathematical theories
- Carefully detailed explanations of mathematical derivations guarantee a valuable pedagogical approach
- Each chapter concludes with an extensive set of exercises
Professors: A supplementary Solutions Manual is available for this book. It is restricted to teachers using the text in courses. For information on how to obtain a copy, refer to: http://press.princeton.edu/class_use/solutions.html "The book represents a valuable text for courses in statistics and stochastic processes, so it is strongly recommended to libraries."
"This is an excellent book on the topics of probability, Markov chains, and queuing theory. Extremely well-written, the contents range from elementary topics to quite advanced material and include plenty of well-chosen examples." "Clear and pleasant to read, this book distinguishes itself from comparable textbooks by its inclusion of the computational aspects of the material."
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