Stochastic

Average-Cost Control of Stochastic Manufacturing Systems (Stochastic Modelling and Applied Probability) This book articulates a new theory that shows that hierarchical decision making can in fact lead to a near optimization of system…

Stochastic Modeling in Economics and Finance (Applied Optimization) In Part I, the fundamentals of financial thinking and elementary mathematical methods of finance are presented. The method of presentation is simple enough to bridge the…

Modeling and Analysis of Stochastic Systems, Second Edition (Chapman & Hall/CRC Texts in Statistical Science) Based on the author’s more than 25 years of teaching experience, Modeling and Analysis of Stochastic Systems, Second Edition…

Constrained Markov Decision Processes (Stochastic Modeling Series) This book provides a unified approach for the study of constrained Markov decision processes with a finite state space and unbounded costs. Unlike the single controller…