Markov Chains: Models, Algorithms and Applications
List Price: $129.00
Publisher: Springer-Verlag New York Inc
Binding: Cloth Text
Size: 6.50" wide x 9.50" long x 0.75" tall
This new edition of "Markov Chains: Models, Algorithms and Applications has" been completely reformatted as a text, complete with end-of-chapter exercises, a new focus on management science, new applications of the models, and new examples with applications in financial risk management and modeling of financial data.This book consists of eight chapters. Chapter 1 gives a brief introduction to the classical theory on both discrete and continuous time Markov chains. The relationship between Markov chains of finite states and matrix theory will also be highlighted. Some classical iterative methods for solving linear systems will be introduced for finding the stationary distribution of a Markov More...
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