{"product_id":"2477398","title":"Phase Type Distributions : Theory and Application","description":"This comprehensive resource explores the theory and application of phase type distributions, a powerful tool for modeling non-negative random variables. By combining mixtures of exponential distributions, phase type distributions offer a flexible and widely applicable approach to risk theory and Markov processes. The book delves into the fundamental characteristics and practical applications of phase type distributions, making it an essential resource for professionals and students in the field. Its applications extend to insurance, queueing systems, and inventory management, solidifying its relevance in various industries. With its in-depth analysis and expert insights, this book provides a thorough understanding of phase type distributions and their role in modern statistical modeling.","brand":"Chalkys.com","offers":[{"title":"Default Title","offer_id":54669029900673,"sku":"2477398","price":128.48,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0056\/8043\/1219\/files\/41DtBY1B9_L.jpg?v=1756409723","url":"https:\/\/chalkys.com\/products\/2477398","provider":"Chalkys.com","version":"1.0","type":"link"}