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Markov Chains and Decision Processes for Engineers and Managers

Markov Chains and Decision Processes for Engineers and Managers

Paperback

Technology & EngineeringProbability & Statistics

ISBN10: 0367383438
ISBN13: 9780367383435
Publisher: Crc Pr Inc
Published: Sep 19 2019
Pages: 492
Weight: 1.30
Height: 1.00 Width: 6.10 Depth: 9.10
Language: English

This book presents an introduction to finite Markov chains and Markov decision processes, with applications in engineering and management. It introduces discrete-time, finite-state Markov chains, and Markov decision processes. The text describes both algorithms and applications, enabling students to understand the logical basis for the algorithms and be able to apply them. The applications address problems in government, business, and nonprofit sectors. The author uses Markov models to approximate the random behavior of complex systems in diverse areas, such as management, production, science, health services, finance, and marketing.

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Technology & Engineering