This volume deals with Stochastic tools with specialreference to applications in the areas of Physics, Biologyand Operations Research. Quitea few of the papers deal withthe applications of the rich theory of point processes inPhysics and Operations Research. A few of the papers dealwith the problems of Inference and Stochastic theory. Inaddition papers of some leading specialists are included. These papers reflect the latest trends in these areas andwill, therefore, be of value and interest to researchers inthese fields.