Markov chain models - operation research model, Operation Research

These models are used for analyzing a system which changes over a period of time among various possible outcomes or states. The models while dealing with such systems describe transitions in terms of transition probabilities of various states. These models have been used to test brand loyalty and brand switching tendencies of consumers where each system state is considered to be a particular brand purchase. The have also been used in reliability analysis where the states of the system are the various levels of performance of the equipment being monitored.

Posted Date: 3/21/2013 3:44:41 AM | Location : United States







Related Discussions:- Markov chain models - operation research model, Assignment Help, Ask Question on Markov chain models - operation research model, Get Answer, Expert's Help, Markov chain models - operation research model Discussions

Write discussion on Markov chain models - operation research model
Your posts are moderated
Related Questions
ABC Company manufactures both interior and exterior paints from 2 raw materials M1 and M2. The following table gives basic data of problem.     Exterior

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Methods is a tool or a techniques used to collect data. It is procedure for obtaining knowledge based on empirical observation and logical reasoning. Field Study Metho

This is a  procedure of determining  the potential if any for improving each  of the non basic variables in terms of the objective function. To determine  this  potential  each of

how do you calculate using this method where the least cost appears twice

Task1:- A company is currently involved in negotiation with its union on the upcoming wage contract. Positive signs in the table represent wage increase while negative sign represe

Considerations for Oral Reporting Sometimes  the researcher has been asked to  make an oral presentation of his  research findings he should  bear in mind a few major  conside


How to solve linear programming problems using simplex method introducing slack variable,surplus variable and artificial variable

A series of questionnaire for Delphi were mailed to the selected experts who meet the criteria that mention in above. The overall purpose of the Delphi technique was to achieve the