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Stochastic Calculus : Applications in Science and Engineering by Mircea Grigoriu (auth.) is a nonfiction available to read on EtoBox.

What is Stochastic Calculus : Applications in Science and Engineering about?

Algebraic, differential, and integral equations are used in the applied sciences, en­ gineering, economics, and the social sciences to characterize the current state of a physical, economic, or social system and forecast its evolution in time. Generally, the coefficients of and/or the input to these equations are not precisely known be­ cause of insufficient information, limited understanding of some underlying phe­ nomena, and inherent randonmess. For example, the orientation of the atomic lattice in the grains of a polycrystal varies randomly from grain to grain, the spa­ tial distribution of a phase of a composite material is not known precisely for a particular specimen, bone properties needed to develop reliable artificial joints vary significantly with individual and age, forces acting on a plane from takeoff to landing depend in a complex manner on the environmental conditions and flight pattern, and stock prices and their evolution in time depend on a large number of factors that cannot be described by deterministic models. Problems that can be defined by algebraic, differential, and integral equations with random coefficients and/or input are referred to as stochastic prob

Who reads Stochastic Calculus : Applications in Science and Engineering?

Author

Mircea Grigoriu (auth.)

Publisher

Birkhäuser Boston

Published

2002

Language

EN

ISBN

9781461265016

Category

nonfiction

Subjects

Mathematics, Stem