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Markov-Modulated Processes and Semiregenerative Phenomena

Pacheco, António; Prabhu, N.U.; Tang, L.C.

World Scientific, Singapore, 2009

The book presents a coherent treatment of Markov random walks and Markov additive processes together with their applications. Part I provides the foundations of these stochastic processes underpinned by a solid theoretical framework based on Semiregenerative phenomena. Part II presents some applications to queueing and storage systems.