This book presents various results and techniques from the theory of stochastic processes that are useful in the study of stochastic problems in the natural sci

Unlike traditional books presenting stochastic processes in an academic way, this book includes concrete applications that students will find interesting such a

Financial engineering has been proven to be a useful tool for risk management, but using the theory in practice requires a thorough understanding of the risks a

An easily accessible, real-world approach to probability and stochastic processes Introduction to Probability and Stochastic Processes with Applications present

This text on stochastic processes and their applications is based on a set of lectures given during the past several years at the University of California, Sant