#Stochastic processes how to

… this book would be useful for researchers and teachers as well. Nakagawa bridges the gap between theoretical achievements in the field of stochastic processes and the need of researchers and practical engineers to use the theory in reliability investigations.

Teachers and students at the undergraduate or the graduate level will find it useful.” (Antonio Di Crescenzo, Mathematical Reviews, March, 2015) It also addresses and solves several problems related to maintenance and redundancy. “This book provides a fundamental description of the main stochastic processes of interest in reliability theory. It is also of interest to researchers, engineers and managers who study or practise reliability and maintenance. Stochastic Processes is suitable for use as a reliability textbook by advanced undergraduate and graduate students. Furthermore, Stochastic Processes gives a simple introduction to other stochastic processes such as the cumulative process, the Wiener process, the Brownian motion and reliability applications.

#Stochastic processes how to

Many examples are cited from reliability models to show the reader how to apply stochastic processes. In order to make sense of the theory, however, and to apply it to real systems, an understanding of the basic stochastic processes is indispensable.Īs well as providing readers with useful reliability studies and applications, Stochastic Processes also gives a basic treatment of such stochastic processes as: Reliability theory is of fundamental importance for engineers and managers involved in the manufacture of high-quality products and the design of reliable systems.