The aim of this special issue is to publish original research papers that cover recent advances in the theory and application of stochastic processes. There is especial focus on applications of stochastic processes as models of dynamic phenomena in various research areas, such as queuing theory, physics, biology, economics, medicine, reliability theory, and financial mathematics. Potential topics include, but are not limited to: Markov chains and processes
large deviations and limit theorems
random motions
stochastic biological model
reliability, availability, maintenance, inspection
queueing models
queueing network models
computational methods for stochastic models
applications to risk theory, insurance and mathematical finance.