Markov Chains Models, Algorithms and Applications /

• Main Authors: Ching, Wai-Ki (Author), Huang, Ximin (Author), Ng, Michael K. (Author), Siu, Tak-Kuen (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Boston, MA : Springer US : Imprint: Springer, 2013.
• Edition: 2nd ed. 2013.
• Series: International Series in Operations Research & Management Science, 189
• Subjects: Business.; Operations research.; Decision making.; Management science.; Probabilities.; Business and Management.; Operation Research/Decision Theory.; Operations Research, Management Science.; Probability Theory and Stochastic Processes.

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...

Table of Contents:

• 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.