Modeling Random Processes for Engineers and Managers

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Author: Author

Pages: 320

Size: 2.563,45 Kb

Publication Date: December 22,2008

Category: Industrial Engineering



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By reducing mathematical fine detail and concentrating on real-globe applications, this reserve provides engineers with an easy-to-understand summary of stochastic modeling. Furthermore, numerous good examples are included that present how the theory may be used. The publication shows how exactly to add costs or revenues to the essential probability structures without very much additional work. A previously unpublished computational way for solving equations linked to Markov procedures is added. A whole chapter is usually included on how best to setup the problem, and another full chapter presents types of applications before performing any math. Engineers may also discover explanations on how best to formulate word problems in to the versions that the math done.


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