Percolation theory deals with fluid flow (or any other similar process) in random media. If the medium is a set of regular lattice points, then there are two main types of percolation: A site percolation considers the lattice vertices as the relevant entities; a bond percolation considers the lattice edges as the relevant entities. These two models are examples of discrete percolation theory, an umbrella term used to describe any percolation model which takes place on a regular point lattice or any other discrete set, and while they're most certainly the most-studied of the discrete models, others such as A B percolation and mixed percolation do exist and are reasonably well-studied in their own right.
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