Introduction to Stochastic ProcessesQueues, Finance, and Credit Risk\nAuthor(s): Dharmaraja Selvamuthu\nFormat: Hardback\nPublisher: Springer Verlag, Singapore, Singapore\nImprint: Springer Verlag, Singapore\nISBN-13: 9789819761517, 978-9819761517\nSynopsis\nThis is an essential textbook for senior undergraduate and graduate students of statistics, stochastic processes, stochastic finance, and probability theory. It covers all the important notations of probability theory and stochastic processes that are crucial for students to overcome their initial challenges during their studies. It thoroughly discusses the concepts of stochastic processes, both Markov and non-Markov processes, as well as stochastic calculus. With a special focus on finance, the book dedicates three chapters to explore the applications of stochastic processes in options, credit risk and insurance.\n\nOrganized into sixteen chapters and one appendix, the book takes the readers to a well-organized learning. To full.