Continuous-time Markov chains 7/15 - Convergence theory: daily profit of a barbershop.
This video gives an example of application of the convergence theory for continuous-time Markov chains (irreducibility, positive recurrence, convergence to a unique stationary distribution). The main objective is to study the daily profit of a barbershop. This is Example 10.5 of my Stochastic Modeling book.
This video is part of the playlist Advanced Stochastic Processes https://www.youtube.com/watch?v=m0HywIw1OJc&list=PLV3oHJg9b1NRk4_LKUdqXPoN9jOWRypKI.
Видео Continuous-time Markov chains 7/15 - Convergence theory: daily profit of a barbershop. канала The probability channel - Professor Lanchier
This video is part of the playlist Advanced Stochastic Processes https://www.youtube.com/watch?v=m0HywIw1OJc&list=PLV3oHJg9b1NRk4_LKUdqXPoN9jOWRypKI.
Видео Continuous-time Markov chains 7/15 - Convergence theory: daily profit of a barbershop. канала The probability channel - Professor Lanchier
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22 июля 2020 г. 22:38:39
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