Introduction to Probability Models

Introduction to Probability Models, 12th Edition, is an Academic Press textbook that introduces elementary probability modeling and stochastic processes.

The volume demonstrates practical applications of probability theory across engineering, computer science, operations research, and management science. It also illustrates how stochastic concepts apply to the physical sciences, social sciences, business, and economics.

Structured for undergraduate and graduate students in probability modeling courses, the textbook retains an organization relied on since 1972 while supplying content required for Exam 3 of the Society of Actuaries.