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Markov Chains
Hardcover
General MathematicsProbability & Statistics
ISBN13: 9781848214934
Publisher: John Wiley & Sons
Published: Jul 11 2013
Pages: 410
Weight: 1.65
Height: 1.10 Width: 6.00 Depth: 9.30
Language: English
Markov Chains: Theory and Applications
Markov chains are a fundamental class of stochastic processes. They are widely used to solve problems in a large number of domains such as operational research, computer science, communication networks and manufacturing systems. The success of Markov chains is mainly due to their simplicity of use, the large number of available theoretical results and the quality of algorithms developed for the numerical evaluation of many metrics of interest.
The author presents the theory of both discrete-time and continuous-time homogeneous Markov chains. He carefully examines the explosion phenomenon, the Kolmogorov equations, the convergence to equilibrium and the passage time distributions to a state and to a subset of states. These results are applied to birth-and-death processes. He then proposes a detailed study of the uniformization technique by means of Banach algebra. This technique is used for the transient analysis of several queuing systems.
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