A coherent introduction to the techniques for modeling dynamic stochastic systems, this volume also offers a guide to the mathematical, numerical, and simulation tools of systems analysis. Suitable for advanced undergraduates and graduate-level industrial engineers and management science majors, it proposes modeling systems in terms of their simulation, regardless of whether simulation is employed for analysis. Beginning with a view of the conditions that permit a mathematical-numerical analysis, the text explores Poisson and renewal processes, Markov chains in discrete and continuous time, semi-Markov processes, and queuing processes. Each chapter opens with an illustrative case study, and comprehensive presentations include formulation of models, determination of parameters, analysis, and interpretation of results. Programming language–independent algorithms appear for all simulation and numerical procedures.Reprint of the McGraw-Hill, Inc., New York, 1995 edition.A solutions manual to accompany this text is available for free download. Click here to download PDF version now. dynamic stochastic systems;mathematics;numerical analysis;simulation tools;systems analysis;graduate level math;industrial engineering;management science;mathematical numerical analysis;poisson;renewal processes;markov chains;discrete time;continuous time;semi markov processes;queuing processes;case studies;formulation of models;determination of parameters;analysis;interpretation of results;programming language independent algorithms;probability and statistics
