An old-fashioned recipe for real time -- Verifying automata specifications of probabilistic real-time systems -- The theory of timed automata -- Logics and models of real time: A survey -- The state operator in real time process algebra -- Timed process algebras with urgent interactions and a unique powerful binary operator -- Time in state based formal description techniques for distributed systems -- Real-time and the Mu-Calculus (preliminary report) -- Implementing reactive programs on circuits a hardware implementation of LUSTRE -- Semantics and completeness of Duration Calculus -- Timed transition systems -- Compositional verification of real-time systems using extended Hoare triples -- Semantics of reactive systems in abstract time -- Problems, promises and performance: some questions for real-time system specification -- Abstraction in real time process algebra -- (Real) time: A philosophical perspective -- Specification and analysis of resource-bound real-time systems -- Forward and backward simulations for timing-based systems -- Prom timed to hybrid systems -- Coping with implementation dependencies in real-time system verification -- Validating real-time systems by executing logic specifications -- An overview and synthesis on timed process algebras -- From ATP to timed graphs and hybrid systems -- Verification of safety critical systems using TTM/RTTL -- Predicative specification of timed processes -- Putting time into proof outlines -- Timed CSP: Theory and practice -- A specification of the cat and mouse problem -- Layering and action refinement for timed systems.

In the past decade, the formal theory of specification, verfication and development of real-time programs has grown from work of a few specialized groups to a real "bandwagon". Many eminent research groups have shifted their interests in this direction. Consequently, research in real-time is now entering established research areas in formal methods, such as process algebra, temporal logic, and model checking. This volume contains the proceedings of a workshop dedicated to the theory of real-time with the purpose of stepping back and viewing the results achieved as well as considering the directions of ongoing research. The volume gives a representative picture of what is going on in the field worldwide, presented by eminent, active researchers. The material in the volume was prepared by the authors after the workshop took place and reflects the results of the workshop discussions.