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Elements of Random Walk and Diffusion Processes by Oliver C. Ibe

Elements of Random Walk and Diffusion Processes

by Oliver C. Ibe
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Book cover type: Hardcover
  • ISBN13: 9781118618097
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Wiley
  • Publisher Imprint: Wiley
  • Publication Date:
  • Pages: 260
  • Original Price: GBP 87.95
  • Language: English
  • Edition: N/A
  • Item Weight: 590 grams
  • BISAC Subject(s): Applied, Probability & Statistics / General, and Operations Research

Presents an important and unique introduction to random walk theory

Random walk is a stochastic process that has proven to be a useful model in understanding discrete-state discrete-time processes across a wide spectrum of scientific disciplines. Elements of Random Walk and Diffusion Processes provides an interdisciplinary approach by including numerous practical examples and exercises with real-world applications in operations research, economics, engineering, and physics.

Featuring an introduction to powerful and general techniques that are used in the application of physical and dynamic processes, the book presents the connections between diffusion equations and random motion. Standard methods and applications of Brownian motion are addressed in addition to Levy motion, which has become popular in random searches in a variety of fields. The book also covers fractional calculus and introduces percolation theory and its relationship to diffusion processes.

With a strong emphasis on the relationship between random walk theory and diffusion processes, Elements of Random Walk and Diffusion Processes features:

*Basic concepts in probability, an overview of stochastic and fractional processes, and elements of graph theory *Numerous practical applications of random walk across various disciplines, including how to model stock prices and gambling, describe the statistical properties of genetic drift, and simplify the random movement of molecules in liquids and gases *Examples of the real-world applicability of random walk such as node movement and node failure in wireless networking, the size of the Web in computer science, and polymers in physics *Plentiful examples and exercises throughout that illustrate the solution of many practical problems

Elements of Random Walk and Diffusion Processes is an ideal reference for researchers and professionals involved in operations research, economics, engineering, mathematics, and physics. The book is also an excellent textbook for upper-undergraduate and graduate level courses in probability and stochastic processes, stochastic models, random motion and Brownian theory, random walk theory, and diffusion process techniques.

OLIVER C. IBE, ScD, is Associate Professor in the Department of Electrical and Computer Engineering at the University of Massachusetts at Lowell. He has more than thirty years of experience in academia and the telecommunications industry in various technical and management capacities. Dr. Ibe's research interests include stochastic systems modeling, bioinformatics, and communication network performance modeling. He is the author of Converged Network Architectures: Delivering Voice over IP, ATM, and Frame Relay and Fundamentals of Stochastic Networks, both published by Wiley.

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