An Introduction to Stochastic Modeling, 5e

Gabriel Lord, Cónall Kelly
Elsevier
720 pages
ISBN: 9780443315527
January 2026

An Introduction to Stochastic Modeling , Fifth Edition bridges the gap between basic probability and an intermediate level course in stochastic processes, serving as the foundation for either a one-semester or two-semester course in stochastic processes for students familiar with elementary probability theory and calculus. The objectives are to introduce students to the standard concepts and methods of stochastic modeling, to illustrate the rich diversity of applications of stochastic processes in the applied sciences, and to provide an integrated treatment of theory, applications and practical implementation. A well-regarded resource for many years, the text is an ideal foundation for a broad range of students.