Stochastic dynamical systems arise in many scientific fields, such as asset prices in financial markets, neural activity in the brain, or the spread of infectious diseases. Petar Jovanovski's Ph.D.

Simulation research derives new methods for the design, analysis, and optimization of simulation experiments. Research on stochastic models develops and analyzes models of systems with random behavior ...

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The whole picture of Mathematical Modeling is systematically and thoroughly explained in this text for undergraduate and graduate students of mathematics, engineering, economics, finance, biology, ...