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- Markov process:A closed system that change from state to state according to stable transition probabilities
- Steady state:The long- term tendencies of amarkov system to be in its various states.
- Transition matrix:A matrix that shows the probabilities of markov system changing from is current state to each possible state in the next period.
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Lecture Files:
Date:
Sun, 2010-04-25
Department:
Business Administration
Course:
Operations Research
Lecture #:
34
Teacher:
Abdallah Samara