Stopped Random Walks Limit Theorems and Applications

From the reviews of the second edition:

“Stopped random walks occur in sequential analysis renewal theory and queueing theory several applications are discussed in the text. … The book under review is the second edition of a book first published in 1988 … . lengthy bibliography from the first edition has been brought up to date. … an excellent reference and its material is still worthy of study.” (Thomas Polaski, Mathematical Reviews, Issue 2010 f)

“This is definitely a book for the specialist in the field. … It would suit an academic or a researcher … seeking to use random walks as a tool for some real-world problem. … the material is very thorough and there are plentiful references. All results are rigorously established, either by a formal proof or by pointing the reader in the right direction. It will enable any researcher to be right up to date with the latest developments in the field.” (F.

McGonigal, Journal of the Operational Research Society, Vol. 62 (2), 2011)