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  Book Details

Stochastic Processes
Medhi, J. , Honorary Professor Institute of Advanced Study Science & Tech., Guwahati
ISBN : 978-81-224-2664-9
Publication Year : 2009
Edition : 3rd
Reprint : Aug, 2014
Pages : 522
Price : $ 15.00
Binding : Paperback
About the Book:

Aims at the level between that of elementary probability texts and advanced works on stochastic processes. The pre-requisites are a course on elementary probability theory and statistics, and a course on advanced calculus. The theoretical results developed have been followed by a large number of illustrative (worked) examples. These have been supplemented by numerous exercises, answers to most of which are also given. It is expected to suit as a text for advanced undergraduate, postgraduate and research level courses in Applied Mathematics, Statistics, Operations Research, Computer Science, different branches of Engineering, Telecommunications, Business and Management, Economics, Life Sciences and so on.

A review of the Ist edition of the book in the American Mathematical Monthly (December 1982) gives this book special positive emphasis as a textbook as ``this is the clear choice`` amongst about a dozen or more texts (TAV).

A review of the 2nd edition (1994) in the Journal of the Operational Res. Society, U.K. (1996) commended it ``As before it rightly deserves to be `nominated` as the first choice`` (Jim Freeman).

The current 3rd edition (2009) further updates the material and references and adds new chapters on Martingales and Simulation.

This edition is for sale in India, Bangladesh, Bhutan, Maldives, Nepal, Myanmar, Pakistan and Sri Lanka only. If you want to buy this book for any country other than these, kindly click on the following links:, 2.The Book Depository,

About the Author:

JYOTIPRASAD MEDHI now Honorary Professor at Institute of Advanced Study in Science & Technology, Guwahati (an Autonomous Institute under DST, Government of India) was a Visiting Professor at a number of Universities abroad. He is the author of Stochastic Processes, 3rd Edition, 2009 (2010), Statistical Methods—An Introductory Text (2nd Edition, 2007).


  • Random Variables and Stochastic Processes
  • Markov Chains
  • Markov Processes with Discrete State Space: Poisson Process and its Extensions
  • Markov Processes with Continuous State Space
  • Martingales
  • Renewal Processes and Theory
  • Markov Renewal and Semi-Markov Processes
  • Stationary Processes and Time Series
  • Branching Processes
  • Applications in Stochastic Models
  • Simulation.

Computer Science,Mathematics,Bestsellers,General Management,Statistics,Common to all branches


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