Book Reviews

摘要

The book is intended to be accessible to graduate students and to be a research monograph useful to researchers in applied mathematics, computational science, and engineering. In fact, a number of colleagues have said that they would like to learn about stochastic processes but have found it difficult to learn from the existing literature. Also, the book may be useful for practitioners of financial engineering who need fast and efficient answers to stochastic financial problems. Hence, the exposition is based upon integrated basic principles of applied mathematics, applied probability, and computational science. The target audience includes mathematical modellers and students in many areas of science and engineering seeking to construct models for scientific applications subject to uncertain environments. The prime focus of the text is on modelling and problem solving. The utility of the exposition, based upon systematic derivations along with essential proofs in the spirit of classical applied mathematics, is related more to setting up a stochastic model of an application than to abstract theory.