Beschreibung:
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.
Introduction.- Manufacturing and Re-manufacturing Systems.- A Hidden Markov Model for Customer Classification.- Markov Decision Processes for Customer Lifetime Value.- Higher-order Markov Chains.- Multivariate Markov Chains.- Hidden Markov Chains.