Books in Stochastic models

Markov Processes for Stochastic Modeling

2nd Edition
May 22, 2013
Oliver Ibe
English
Paperback
9 7 8 0 3 2 3 2 8 2 9 5 6
eBook
9 7 8 0 1 2 4 0 7 8 3 9 0

Markov processes are processes that have limited memory. In particular, their dependence on the past is only through the previous state. They are used to model the behavior of many systems including communications systems, transportation networks, image segmentation and analysis, biological systems and DNA sequence analysis, random atomic motion and diffusion in physics, social mobility, population studies, epidemiology, animal and insect migration, queueing systems, resource management, dams, financial engineering, actuarial science, and decision systems. Covering a wide range of areas of application of Markov processes, this second edition is revised to highlight the most important aspects as well as the most recent trends and applications of Markov processes. The author spent over 16 years in the industry before returning to academia, and he has applied many of the principles covered in this book in multiple research projects. Therefore, this is an applications-oriented book that also includes enough theory to provide a solid ground in the subject for the reader.

Deterministic Versus Stochastic Modelling in Biochemistry and Systems Biology

1st Edition
April 9, 2013
Paola Lecca + 2 more
English
Hardback
9 7 8 1 9 0 7 5 6 8 6 2 6
eBook
9 7 8 1 9 0 8 8 1 8 2 1 8

Stochastic kinetic methods are currently considered to be the most realistic and elegant means of representing and simulating the dynamics of biochemical and biological networks. Deterministic versus stochastic modelling in biochemistry and systems biology introduces and critically reviews the deterministic and stochastic foundations of biochemical kinetics, covering applied stochastic process theory for application in the field of modelling and simulation of biological processes at the molecular scale. Following an overview of deterministic chemical kinetics and the stochastic approach to biochemical kinetics, the book goes onto discuss the specifics of stochastic simulation algorithms, modelling in systems biology and the structure of biochemical models. Later chapters cover reaction-diffusion systems, and provide an analysis of the Kinfer and BlenX software systems. The final chapter looks at simulation of ecodynamics and food web dynamics.

Stochastic Methods in Economics and Finance

1st Edition
Volume 17
December 1, 1981
A.G. Malliaris + 1 more
English
Hardback
9 7 8 0 4 4 4 8 6 2 0 1 3

Theory and application of a variety of mathematical techniques in economics are presented in this volume. Topics discussed include: martingale methods, stochastic processes, optimal stopping, the modeling of uncertainty using a Wiener process, Itô's Lemma as a tool of stochastic calculus, and basic facts about stochastic differential equations. The notion of stochastic ability and the methods of stochastic control are discussed, and their use in economic theory and finance is illustrated with numerous applications. The applications covered include: futures, pricing, job search, stochastic capital theory, stochastic economic growth, the rational expectations hypothesis, a stochastic macroeconomic model, competitive firm under price uncertainty, the Black-Scholes option pricing theory, optimum consumption and portfolio rules, demand for index bonds, term structure of interest rates, the market risk adjustment in project valuation, demand for cash balances and an asset pricing model.

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Books in Stochastic models

Markov Processes for Stochastic Modeling

Deterministic Versus Stochastic Modelling in Biochemistry and Systems Biology

Stochastic Methods in Economics and Finance