Semi-Markov Processes and Reliability Breitscheidstr. 10 NORTHERN RHODESIA / Epstein

NORTHERN RHODESIA / Epstein

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Semi-Markov Processes and Reliability Breitscheidstr. 10 NORTHERN RHODESIA / EpsteinAt first there was the Markov property. The theory of stochastic processes, which can be considered as an exten sion of probability theory, allows the modeling of the evolution of systems through the time. It cannot be properly understood just as pure mathemat ics, separated from the body of experience and examples that have brought it to life. The theory of stochastic processes entered a period of intensive develop ment, which is not finished yet,