Understanding Markov chains : examples and applications /

This book provides an undergraduate-level introduction to discrete and continuous-time Markov chains and their applications, with a particular focus on the first step analysis technique and its applications to the computation of average hitting times and ruin probabilities. It also discusses classic...

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Bibliographic Details
Main Author: Privault, Nicolas (Author)
Format: eBook
Language:English
Published: Singapore : Springer, 2026.
Edition:Third edition.
Series:Springer undergraduate mathematics series,
Subjects:

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Call Number: QA274.7 .P75 2026
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