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To find the equilibrium state in Markov analysis,

chimeric

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To find the equilibrium state in Markov analysis,

To find the equilibrium state in Markov analysis,
A) it is necessary to know both the vector of state probabilities and the matrix of transition probabilities.
B) it is necessary only to know the matrix of transition probabilities.
C) it is necessary only to know the vector of state probabilities for the initial period.
D) one should develop a table of state probabilities over time and then determine the equilibrium conditions empirically.
E) None of the above

Textbook

Quantitative Analysis for Management

Edition: 12^th

Authors: Render, Stair, Hanna, Hale

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Vitat

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chimeric Author

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Correct

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