Ming Liao is a professor in the Department of Mathematics and Statistics at Auburn University. He has published 45 research papers and one monograph on probability theory. He received a Ph.D. from Stanford University.
The book under review provides a carefully written and concise introduction to stochastic processes and could be used as lecture notes for a first-year graduate course on stochastic processes with emphasis on applications and computation rather than theoretical aspects. It is especially suited for students in engineering or business who aim for applications in their respective field. ... The book provides many examples and exercises, often of computational nature, from applied probability, for instance queueing theory and stock market models. -Mathematical Reviews, August 2014