Stochastic dynamics is the field of research that deals with systems influenced by random fluctuations, a subject of immense importance in physics, biology, and engineering. In recent years, ...

Robust stochastic optimisation methods seek decision rules that perform reliably under both inherent randomness and ambiguity in probability models. Combining classical stochastic programming—where ...

Strongly interacting systems play an important role in quantum physics and quantum chemistry. Stochastic methods such as Monte Carlo simulations are a proven method for investigating such systems.

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, ...