Markov Renewal and Piecewise Deterministic Processes

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Focusing on Piecewise Deterministic Markov Processes (PDMPs), this book introduces researchers, graduate students, and engineers to a model that combines deterministic mechanisms with random jumps. It explores various applications across multiple fields, including insurance, biology, communication networks, dependability, and supply management, making it a versatile resource for understanding complex systems influenced by stochastic events.