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Stochastic Processes and their Applications

Stochastic Processes and their Applications

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Stochastic Processes and their Applications illustrates the theoretical knowledge of random variables along with some practical skills to analyze various stochastic dynamical systems in economics, engineering and other fields. It includes the most appropriate process for modelling in particular situations arising in economics, engineering and other fields. Provide the readers with the insights into the development of different processes and theories like Poisson processes and the application of stochastic processes in biology.

Ivan Stanimirovic gained his PhD from University of Nis, Serbia in 2013.
His work spans from multi-objective optimization methods to applications of generalized matrix inverses in areas such as image processing and computer graphics and visualisations. He is currently working as an Assistant professor at Faculty of Sciences and Mathematics at University of Nis on computing generalized matrix inverses and its applications.