Markov Chains Decomposition

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Description

This lecture covers the decomposition of Markov chains into communicating classes, the proof of the Markov LLN, and the application of the (S, s) Inventory Model. It also discusses the long-run average costs and the determination of invariant distributions.

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Ontological neighbourhood

Business

Supply chain: Supply chain management

Related lectures (29)

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In course

DEMO: elit pariatur amet

Instructor

sint veniam non

Ontological neighbourhood

Business

Supply chain: Supply chain management

Related lectures (29)

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Markov Chains: Theory and Applications

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Inventory Control: Basics and Models

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