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Stochastic Modeling and Optimization: With Applications in Queues, Finance, and Supply Chains (Springer Series in Operations Res,Used
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The objective of this volume is to highlight through a collection of chap ters some of the recent research works in applied prob ability, specifically stochastic modeling and optimization. The volume is organized loosely into four parts. The first part is a col lection of several basic methodologies: singularly perturbed Markov chains (Chapter 1), and related applications in stochastic optimal control (Chapter 2); stochastic approximation, emphasizing convergence properties (Chapter 3); a performancepotential based approach to Markov decision program ming (Chapter 4); and interiorpoint techniques (homogeneous selfdual embedding and central path following) applied to stochastic programming (Chapter 5). The three chapters in the second part are concerned with queueing the ory. Chapters 6 and 7 both study processing networks a general dass of queueing networks focusing, respectively, on limit theorems in the form of strong approximation, and the issue of stability via connections to re lated fluid models. The subject of Chapter 8 is performance asymptotics via large deviations theory, when the input process to a queueing system exhibits longrange dependence, modeled as fractional Brownian motion.
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