Renewal Theory for Perturbed Random Walks and Similar Processes (eBook, PDF)

Renewal Theory for Perturbed Random Walks and Similar Processes (eBook, PDF)

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This book offers a detailed review of perturbed random walks, perpetuities, and random processes with immigration. Being of major importance in modern probability theory, both theoretical and applied, these objects have been used to model various phenomena in the natural sciences as well as in insurance and finance. The book also presents the many significant results and efficient techniques and methods that have been worked out in the last decade.The first chapter is devoted to perturbed random walks and discusses their asymptotic behavior and various functionals pertaining to them, including...

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