Description:
This book provides a modern overview of semi-Markov processes and their applications in reliability. It is accessible to readers with a first course in probability theory and contains many examples which aid in the understanding of the theoretical notions, and shows how to apply them to concrete physical situations including algorithmic simulations. Practitioners, researchers and professionals in applied mathematics, control and engineering who work in areas of reliability, lifetime data analysis, statistics, probability, and engineering will find this book valuable resource.
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