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Geometric Sums: Bounds for Rare Events with Applications

Geometric Sums: Bounds for Rare Events with Applications

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9780792346166
Condition
New
Product Description

This book reviews problems associated with rare events arising in a wide range of circumstances, treating such topics as how to evaluate the probability an insurance company will be bankrupted, the lifetime of a redundant system, and the waiting time in a queue. Well-grounded, unique mathematical evaluation methods of basic probability characteristics concerned with rare events are presented, which can be employed in real applications, as the volume also contains relevant numerical and Monte Carlo methods. The various examples, tables, figures and algorithms will also be appreciated. Audience: This work will be useful to graduate students, researchers and specialists interested in applied probability, simulation and operations research.

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