Markov chains and decision processes for engineers and managers /

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...

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Bibliographic Details
Main Author: Sheskin, Theodore J. (Author)
Corporate Author: Taylor & Francis
Format: eBook
Language:English
Published: Boca Raton, Fla. : CRC Press, [2011]
Subjects:
Online Access:Connect to the full text of this electronic book
Description
Summary: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--
Physical Description:1 online resource
ISBN:9780429137143