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Dive into the fascinating world of Piecewise Deterministic Markov Processes (PDMPs) with this essential guide from The Bookish Owl. Aimed at researchers, graduate students, and engineers, this book provides a clear initiation to PDMPs, which model systems with deterministic dynamics interrupted by random jumps. Explore diverse applications in insurance, biology, communication networks, and supply management. Discover how PDMPs relate to Completed Semi-Markov Processes (CSMPs), simplifying the understanding of complex properties. This volume thoroughly analyzes stability within a general framework, developing into more precise results with detailed assumptions. You’ll find generalized Chapman-Kolmogorov equations for numerical schemes and an exploration of related Markov process extensions. Marked point processes are a central theme throughout.
5 in stock
