I feel honoured to have this opportunity to write a book about the fundamental of supply chain management for the BookBoon.com Ltd and Ventus Publishing ApS. The chosen topic represents my attempt to respond to the growing demand for better understanding of supply chain management from managers, academics and graduate students alike.
This is the ninth book of examples from Probability Theory. The topic Stochastic Processes is so big
that I have chosen to split into two books. In the previous (eighth) book was treated examples of
Random Walk and Markov chains, where the latter is dealt with in a fairly large chapter. In this book
we give examples of Poisson processes, Birth and death processes, Queueing theory and other types
of stochastic processes.
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