Stopped Random Walks

Limit Theorems and Applications

Paperback Engels 2010 2e druk 9781441927736
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Samenvatting

Classical probability theory provides information about random walks after a fixed number of steps. For applications, however, it is more natural to consider random walks evaluated after a random number of steps. Examples are sequential analysis, queuing theory, storage and inventory theory, insurance risk theory, reliability theory, and the theory of contours. Stopped Random Walks: Limit Theorems and Applications shows how this theory can be used to prove limit theorems for renewal counting processes, first passage time processes, and certain two-dimenstional random walks, and to how these results are useful in various applications.

This second edition offers updated content and an outlook on further results, extensions and generalizations. A new chapter examines nonlinear renewal processes in order to present the analagous theory for perturbed random walks, modeled as a random walk plus "noise."

Specificaties

ISBN13:9781441927736
Taal:Engels
Bindwijze:paperback
Aantal pagina's:263
Uitgever:Springer New York
Druk:2

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Inhoudsopgave

Preface.- Notations and Symbols.- Introduction.- Limit Theorems for Stopped Random Walks.- Renewal Processes and Random Walks.- Renewal Theory for Random Walks with Positive Drift.- Generalizations and Extensions.- Functional Limit Theorems.- Perturbed Random Walks.- Appendix A: Some Facts from Probability Theory.- Appendix B: Some Facts about Regularly Varying Functions.- Bibliography.- Index.

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        Stopped Random Walks