{"product_id":"9780387878348","title":"Springer Series in Operations Research and Financial Engineering: Limit Theorems and Applications","description":"\u003ch1\u003eSpringer Series in Operations Research and Financial Engineering: Limit Theorems and Applications\u003c\/h1\u003e \u003ch2\u003eGut, Allan\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003eClassical 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 \u003cem\u003erandom\u003c\/em\u003e number of steps. Examples are sequential analysis, queueing theory, storage and inventory theory, insurance risk theory, reliability theory, and the theory of counters. \u003cem\u003eStopped Random Walks: Limit Theorems and Applications \u003c\/em\u003eshows how this theory can be used to prove limit theorems for renewal counting processes, first passage time processes, and certain two-dimensional random walks, and to how these results are useful in various applications.\u003c\/p\u003e\n\u003cp\u003eThis 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”.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer\u003c\/p\u003e \u003cp\u003ePublication Date: 2009-02-27\u003c\/p\u003e \u003cp\u003eFormat: Hardcover\u003c\/p\u003e \u003cp\u003eISBN-13: 9780387878348\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-0-387-87835-5\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x178cm\u003c\/p\u003e \u003cp\u003ePages: 263\u003c\/p\u003e ","brand":"Springer New York","offers":[{"title":"Default Title","offer_id":46541481148556,"sku":"9780387878348","price":49.49,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9780387878348.jpg?v=1775737700","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9780387878348","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}