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Steady state condition
In many cases, the Markov process will converge to a steady state or equilibrium.
In general, as number of transitions `n' increase, the state values tend to stabilize at steady state. This is a logical occurrence, since the present state tends to lose significance.
Steady State vector:
A steady vector is given in terms of decimal proportions as
Subject to X + Y + Z = 1
i.e. once a steady state is arrived at, multiplication of a state condition by the transition probabilities does not change its state condition.
Activity based costing versus traditional costing Following are the main differences between activity based costing system and traditional costing system: Explain 1) Und
What nonfinancial factors should management consider in making its decision on whether to accept or reject a special order?
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Ask question #Miwhy is the activity based costing unaccepable for external financial reportnimum 100 words accepted#
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major ways that these complexities might impact a business
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Definition of Linear Programming What is Linear Programming
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