Introduction to the Numerical Solution of Markov Chains [#291148]

William J. Stewart, "Introduction to the Numerical Solution of Markov Chains"
English | ISBN: 0691036993 | | 568 pages | PDF | 31 MB
A cornerstone of applied probability, Markov chains can be used to help model how plants grow, chemicals react, and atoms diffuse-and applications are increasingly being found in such areas as engineering, computer science, economics, and education. To apply the techniques to real problems, however, it is necessary to understand how Markov chains can be solved numerically. In this book, the first to offer a systematic and detailed treatment of the numerical solution of Markov chains, William Stewart provides scientists on many levels with the power to put this theory to use in the actual world, where it has applications in areas as diverse as engineering, economics, and education. His efforts make for essential reading in a rapidly growing field.