Cyclic chains-recurrent state, Managerial Accounting

Cyclic Chains:

In Markov Chains the current state of the system depends on all previous states. It is a stochastic process.  Sometimes transition probability matrices are different from State I to State II, State II to State III etc and from cyclic chains which repeat in the same order.

Recurrent State:

A state is recurrent if it is certain to take place again, given that it has happened at least once, otherwise it is said to be transient.  In other words, a transient state will take place only a limited number of times and then go away forever whereas the recurrent state is permanent. If a process is finite (i.e. has a finite number of states) and is irreducible, then all states are recurrent. This is the most common form of Markov Chain in applications.

Posted Date: 12/8/2012 4:46:40 AM | Location : United States







Related Discussions:- Cyclic chains-recurrent state, Assignment Help, Ask Question on Cyclic chains-recurrent state, Get Answer, Expert's Help, Cyclic chains-recurrent state Discussions

Write discussion on Cyclic chains-recurrent state
Your posts are moderated
Related Questions
Once the credit information is accumulated the subsequent step is to analyze the gathered information and isolate those matters that may need further investigation. The factors whi


I want some to solve my process costing problem solved

State Direct material cost standard The determination of direct material cost standard would involve: a) Determination of quantity standards and b) Determination of pric

Testing the Slope The strong point of the relationship among the dependent variable and each of the independent variables can be determined using 3 methods: 1) Correlation

Kent Company had 800 units of product in its assembly department's work in process inventory at the starting of the period. During the period 3,000 additional units of product were

accounting process or accounting cycle

Chicken and Hawk (dove game) Two players meet at a one-lane bridge and each must choose whether to cross first or wait for the other. If both play Tough (T), they crash in the

Determine Cost pool and Cost drivers Cost pool: it is another name given to a cost centre and,  therefore an activity cost centre may also be termed as an activity cost pool.

Stages in activity based costing The different stages in activity based costing are listed below and are shown in figure below. 1) Identification of the activities that may