Ask for printed
Download Catalogue
New Releases
E-book Catalogue
Browse Our Catalogue
Forthcoming Titles
Feedback Form
Job Postings
Terms Policy
Privacy Policy
Refund and Cancellation Policy
  Book Details

Stochastic Processes
Medhi, J. , Honorary Professor, Institute of Advanced Study in Science & Tech., Guwahati
ISBN : 978-93-86286-48-2
Publication Year : 2017
Edition : 4th
Reprint : 2018
Pages : 524
Price : $ 26.60
Binding : Paperback
About the Book:

Aims at the level between that of elementary probability texts and advanced works on stochastic processes. The prerequisites 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 soon.

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 ?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).

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, Professor Emeritus, Gauhati University, Guwahati, India, was a Visiting Professor at the Universities of Montreal. McMaster and Toronto (Canada), and University of Wisconsin (USA). He delivered invited lectures at several universities in India and abroad. In addition to publishing a large number of research papers and an introductory text (for Social Sciences etc.) Statistical Methods, 2nd edition (2006), he has authored threeadvanced level books: Stochastic Processes 3rd edition (2009),Recent Developments in Bulk Queueing Models(1984) and Stochastic Models in Queueing Theory, 2nd Edition (2002).

Glimpses into the Life and Works of J Medhi (authored by C K Chetia and published by Vigyan Prasar, an autonomous organisation under the Department of Science & Technology, Government of India, New Delhi), gives an account of his contributions.


  • 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,New Releases,Bestsellers,General Management,Statistics,Common to all branches


No part of this website may be reproduced, stored or transmitted in any form or by any means
without prior written permission of New Age International.