Phase Type Distributions : Theory and Application - András Horváth

Phase Type Distributions

Theory and Application

By: András Horváth, Miklós Telek

Hardcover | 6 November 2024 | Edition Number 1

At a Glance

Hardcover


RRP $301.35

$292.25

or 4 interest-free payments of $73.06 with

 or 

Aims to ship in 7 to 10 business days

When will this arrive by?
Enter delivery postcode to estimate

Phase type distributions are widely applicable modeling and statistical tools for non-negative random quantities. They are built on Markov chains, which provide a simple, intuitive stochastic interpretation for their use. Phase Type Distribution starts from the Markov chain-based definition of phase type distributions and presents many interesting properties, which follow from the basic definition.

As a general family of non-negative distributions with nice analytical properties, phase type distributions can be used for approximating experimental distributions by fitting or by moments matching; and, for discrete event simulation of real word systems with stochastic timing, such as production systems, service operations, communication networks, etc. This book summarizes the up-to-date fitting, matching and simulation methods, and presents the limits of flexibility of phase type distributions of a given order.

Additionally, this book lists numerical examples that support the intuitive understanding of the analytical descriptions and software tools that handle phase type distributions.

More in Mathematics

The Infinite Game : From the bestselling author of Start With Why - Simon Sinek
How to Win At Chess : The Ultimate Guide for Beginners and Beyond - Levy Rozman
Calculus, Metric Edition : 9th edition - James Michael Stewart

RRP $174.95

$141.75

19%
OFF
Harmonic Practice in Tonal Music : Workbook : 2nd Edition - Robert Gauldin
Antifragile : Things That Gain from Disorder - Nassim Nicholas Taleb

RRP $27.99

$23.75

15%
OFF
The Selfish Gene : 40th Anniversary Edition - Richard Dawkins

RRP $30.95

$25.75

17%
OFF
Nelson WAmaths Mathematics Applications : 11th Edition - Amanda Pettitt
Fuzzy Methods for Assessment and Decision Making - Michael Gr. Voskoglou

RRP $272.95

$242.25

11%
OFF
Psychology Statistics For Dummies : For Dummies - Donncha Hanna

RRP $39.95

$28.75

28%
OFF