“.......Of the dozen or more texts published in the last five years aimed at the students with the background of first course of probability and statistics but not yet to measure theory, this is the clear choice. An extremely well organized, lucidly written text with numerous problems, examples and references. The emphasis is on Markov process with applications... ....”.
Prof. Marcel F. Neuts from University of Arizona, USA wrote—
“...... Professor Medhi is to be commended on this impressive book. Professor Medhi's book belongs to the desk, rather than on shelf, of every person who uses probability models in his or her job... ..”.
Prof. H.C. Tijms and Prof. J. W. Hogenkamp from Vrije University, Amsterdam, in a research paper entitled Probability Models and Statistics : A Medhi Festchrift wrote—
“........ It is a pleasure to have this chance of paying tribute to Professor Medhi. He has made many important contributions to the field of applied probability and stimulated others to study this field by writing a nice book on Stochastic Processes... ... ....”.
The book have enjoyed more than 37 years of unabated popularity. The revised and enlarged second edition was published in 1994 and the third edition was published in 2010. About the second edition of the book Prof. Jim Freeman wrote in the Journal of the Operations Research Society, U.K (1996)- “As before, it rightly deserves to be ‘nominated’ as the first choice”. In the review of the third edition of the book Professor Sussan Pitts of University of Cambridge wrote