Applied Stochastic Modelling

In terms of pre-requisites, the book does not demand much. Although an exposure to elementary Probability Theory would help, it is by no means es- sential. Chapter 0 is meant to supply the necessary background in Probability. The only real pre-requisite is an exposure to undergraduate Linear Algebra and Calculus, and of course, the necessary motivation. We would like to highlight one interesting feature of the present book.

This book constitutes the refereed proceedings of the 24th International Conference on Analytical and Stochastic Modelling Techniques and Applications, ASMTA 2017, held in Newcastle-upon-Tyne UK, in July 2017.

Offering the first comprehensive treatment of the theory of random measures, this book has a very broad scope, ranging from basic properties of Poisson and related processes to the modern theories of convergence,

Offering the first comprehensive treatment of the theory of random measures, this book has a very broad scope, ranging from basic properties of Poisson and related processes to the modern theories of convergence, stationarity, Palm measures, conditioning, and compensation. The three large final chapters

The book presents a new theoretical approach to phase resetting and stimulation-induced synchronization and desynchronization in a population of oscillators.

This sequel to Brownian Motion and Stochastic Calculus by the same authors develops contingent claim pricing and optimal consumption/investment in both complete and incomplete markets, within the context of Brownian-motion-driven asset prices.

Although three decades have passed since the first publication of this book, it is reprinted now as a result of popular demand.