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Stochastic-Process Limits

Stochastic-Process Limits

An Introduction to Stochastic-Process Limits and Their Application to Queues

by Ward Whitt
Hardback
Publication Date: 08/01/2002

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$398.95
Stochastic Process Limits are useful and interesting because they generate simple approximations for complicated stochastic processes and also help explain the statistical regularity associated with a macroscopic view of uncertainty. This book emphasizes the continuous-mapping approach to obtain new stochastic-process limits from previously established stochastic-process limits. The continuous-mapping approach is applied to obtain heavy-traffic-stochastic-process limits for queueing models, including the case in which there are unmatched jumps in the limit process. These heavy-traffic limits generate simple approximations for complicated queueing processes and they reveal the impact of variability upon queueing performance. The book will be of interest to researchers and graduate students working in the areas of probability, stochastic processes, and operations research. In addition this book won the 2003 Lanchester Prize for the best contribution to Operation Research and Management in English, see: http://www. informs. org/Prizes/LanchesterPrize. html
ISBN:
9780387953588
9780387953588
Category:
Probability & statistics
Format:
Hardback
Publication Date:
08-01-2002
Language:
English
Publisher:
Springer-Verlag New York Inc.
Country of origin:
United States
Pages:
602
Dimensions (mm):
235x178x34mm
Weight:
1.27kg

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