Markov chains and decision processes for engineers and managers
By: Theodore J. Sheskin
Publisher: CRC Press
Published: 2011
Place of publication: Boca Raton, FL
Language: eng
Number of pages: 478
ISBN-13: 9781420051117
Subjects: Mathematics; Decision making; Markov processes
Description: "This book presents an introduction to finite Markov chains and Markov decision processes, with applications in engineering and management. It introduces discrete-time, finite-state Markov chains, and Markov decision processes. The text describes both algorithms and applications, enabling students to understand the logical basis for the algorithms and be able to apply them. The applications address problems in government, business, and nonprofit sectors. The author uses Markov models to approximate the random behavior of complex systems in diverse areas, such as management, production, science, education, health services, finance, and marketing"--
Notes: Includes bibliographical references and index.