{"product_id":"phase-type-distribution-theory-and-application-with-tool-support-9781848219458","title":"Phase Type Distribution: Theory and Application with Tool Support","description":"\u003cp\u003e • Author(s): Andras Horvath\u003cbr\u003e • Publisher: Wiley-Iste\u003cbr\u003e • Publisher Imprint: Wiley-Iste\u003cbr\u003e • BISAC: Applied\u003c\/p\u003e\u003cp\u003ePhase 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.\u003c\/p\u003e","brand":"Wiley-Iste","offers":[{"title":"Hardcover","offer_id":45201797873815,"sku":"9781848219458","price":13998.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9781848219458.webp?v=1769208053","url":"https:\/\/atlanticbooks.com\/products\/phase-type-distribution-theory-and-application-with-tool-support-9781848219458","provider":"Atlantic Books","version":"1.0","type":"link"}