Aims to give to the reader the tools necessary to apply semi-Markov processes in real-life
problems. The book is self-contained and, starting from a low level of probability concepts …

Manpower planning is an essential methodology for business and industry; it allows
managers to make more efficient use of human resources. However, human behaviour is …

This book aims to give a complete and self-contained presentation of semi-Markov models
with finitely many states, in view of solving real life problems of risk management in three …

A review of the evolution of the theory of non‐homogeneous Markov systems (NHMSs) is
given. It starts with the definition of the stochastic process NHMS, discusses the variability of …

This paper deals with mathematical human resource planning; more specifically, it suggests
a new model for a manpower‐planning system. In general, we study ak‐classed hierarchical …

Modeling the manpower management mainly concerns the prediction of future behavior of
employees. The paper presents a predictive model of numbers of employees in a …

In basketball, the offensive movements on both strong and weak sides and tactical behavior
play major roles in the effectiveness of a team's offense. In the literature, studies are mostly …

Quantitative finance has become these last years a extraordinary field of research and
interest as well from an academic point of view as for practical applications. At the same …

As far as we know, this paper presents for the first time a general, rigorous and tractable
stochastic evolution time model for pension fund called the discrete time non-homogeneous …

Some time ago, the Markov processes were introduced in biomedical sciences in order to
study disease history events. Homogeneous and Non‐homogeneous Markov processes are …