As well as providing readers with useful reliability studies and applications, also gives a basic treatment of such shastic processes as: Many examples are cited from reliability models to show the reader how to apply shastic processes. Furthermore, gives a simple introduction to other shastic processes such as the cumulative process, the Wiener process, the Brownian motion and reliability applications. is suitable for use as a reliability textbook by advanced undergraduate and graduate students. It is also of interest to researchers, engineers and managers who study or practise reliability and maintenance.