Introduction to Probability Models

Other | November 1, 2006

byRoss, Sheldon M., Sheldon M. Ross

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Introduction to Probability Models, Ninth Edition, is the primary text for a first undergraduate course in applied probability. This updated edition of Ross's classic bestseller provides an introduction to elementary probability theory and stochastic processes, and shows how probability theory can be applied to the study of phenomena in fields such as engineering, computer science, management science, the physical and social sciences, and operations research. With the addition of several new sections relating to actuaries, this text is highly recommended by the Society of Actuaries.

This book now contains a new section on compound random variables that can be used to establish a recursive formula for computing probability mass functions for a variety of common compounding distributions; a new section on hiddden Markov chains, including the forward and backward approaches for computing the joint probability mass function of the signals, as well as the Viterbi algorithm for determining the most likely sequence of states; and a simplified approach for analyzing nonhomogeneous Poisson processes. There are also additional results on queues relating to the conditional distribution of the number found by an M/M/1 arrival who spends a time t in the system; inspection paradox for M/M/1 queues; and M/G/1 queue with server breakdown. Furthermore, the book includes new examples and exercises, along with compulsory material for new Exam 3 of the Society of Actuaries.

This book is essential reading for professionals and students in actuarial science, engineering, operations research, and other fields in applied probability.



A new section (3.7) on COMPOUND RANDOM VARIABLES, that can be used to establish a recursive formula for computing probability mass functions for a variety of common compounding distributions.

A new section (4.11) on HIDDDEN MARKOV CHAINS, including the forward and backward approaches for computing the joint probability mass function of the signals, as well as the Viterbi algorithm for determining the most likely sequence of states.

Simplified Approach for Analyzing Nonhomogeneous Poisson processes

Additional results on queues relating to the
(a) conditional distribution of the number found by an M/M/1 arrival who spends a time t in the system,;
(b) inspection paradox for M/M/1 queues
(c) M/G/1 queue with server breakdown


Many new examples and exercises.

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From the Publisher

Introduction to Probability Models, Ninth Edition, is the primary text for a first undergraduate course in applied probability. This updated edition of Ross's classic bestseller provides an introduction to elementary probability theory and stochastic processes, and shows how probability theory can be applied to the study of phenomena i...

Sheldon M. Ross is a professor in the Department of Industrial Engineering and Operations Research at the University of Southern California. He received his Ph.D. in statistics at Stanford University in 1968. He has published many technical articles and textbooks in the areas of statistics and applied probability. Among his texts are A...

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Format:OtherDimensions:800 pages, 1 × 1 × 1 inPublished:November 1, 2006Publisher:Academic PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0080467822

ISBN - 13:9780080467825

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Extra Content

Table of Contents

Preface
1. Introduction to Probability Theory;
2. Random Variables
3. Conditional Probability and Conditional Expectation
4. Markov Chains
5. The Exponential Distribution and the Poisson Process
6. Continuous-Time Markov Chains
7. Renewal Theory and Its Applications
8. Queueing Theory
9. Reliability Theory
10. Brownian Motion and Stationary Processes
11. Simulation
Appendix: Solutions to Starred Exercises
Index