Open Conference Systems, ICQQMEAS2009

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APPLICATIONS OF MARKOV CHAINS TO BUSINESS PROBLEMS
Michael Voskoglou

Last modified: 2015-09-18

Abstract


We present characteristic examples of applications of finite Markov chains to Business problems, which can be solved - as most of the problems concerning applications of Markov chains in general do - by distinguishing between two types of such chains, the ergodic and the absorbing ones

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