{"product_id":"9781441927736","title":"Stopped Random Walks","description":"Classical 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 random number of steps. Examples are sequential analysis, queuing theory, storage and inventory theory, insurance risk theory, reliability theory, and the theory of contours. Stopped Random Walks: Limit Theorems and Applications shows how this theory can be used to prove limit theorems for renewal counting processes, first passage time processes, and certain two-dimenstional random walks, and to how these results are useful in various applications.This 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.\"","brand":"Allan Gut","offers":[{"title":"Default Title","offer_id":46694514852158,"sku":"9781441927736","price":1704.76,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4357\/7662\/products\/9781441927736_4c4c4e13-e86d-4371-9c26-a7d91b99f604.jpg?v=1707461868","url":"https:\/\/exclusivebooks.co.za\/products\/9781441927736","provider":"Exclusive Books Online","version":"1.0","type":"link"}