{"product_id":"phase-type-distributions-andrs-horvth-9781848219458","title":"Phase Type Distributions: Theory and Application","description":"Phase type distributions are widely applicable modeling and statistical tools for non-negative random quantities. They are built on Markov chains, which provide a simple, intuitive stochastic interpretation for their use. \u003ci\u003ePhase Type Distribution\u003c\/i\u003e starts from the Markov chain-based definition of phase type distributions and presents many interesting properties, which follow from the basic definition. \u003cbr\u003e\u003cbr\u003eAs a general family of non-negative distributions with nice analytical properties, phase type distributions can be used for approximating experimental distributions by fitting or by moments matching; and, for discrete event simulation of real word systems with stochastic timing, such as production systems, service operations, communication networks, etc. This book summarizes the up-to-date fitting, matching and simulation methods, and presents the limits of flexibility of phase type distributions of a given order. \u003cbr\u003e\u003cbr\u003eAdditionally, this book lists numerical examples that support the intuitive understanding of the analytical descriptions and software tools that handle phase type distributions.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Andr?s Horv?th, Mikl?s Telek\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1848219458\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781848219458\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Wiley-Iste\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 11\/27\/2024\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 288\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.25lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.21h x 6.14w x 0.69d","brand":"Andr?s Horv?th","offers":[{"title":"Hardcover","offer_id":46807021420799,"sku":"9781848219458","price":165.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_267ef75a-e026-47d3-a44d-75497c87fb81.jpg?v=1745378335","url":"https:\/\/www.whiterainbookhouse.com\/products\/phase-type-distributions-andrs-horvth-9781848219458","provider":"WR Book House","version":"1.0","type":"link"}