Continuous semi-Markov processes

Random processes of the semi-Markov type are the subject of this reference volume. The author shows how to work with open sets and with finite iteration relative to any intrinsic Markov time.

The book covers the class of strong Markov processes and the stepped semi-Markov processes studied by Lévy and Smith, along with several other subclasses. A large part of the text examines non-Markovian semi-Markov processes that have continuous trajectories, with particular attention to semi-Markov diffusion processes.