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MONTE CARLO MARKOV CHAIN (MCMC) STOCHASTIC MODELING OF SUPPLY CHAIN [PDF]
Effective inventory management in multi-echelon supply chains is challenged by stochastic demand and uncertain lead times, which amplify variability and increase operational costs.
Marcel ILIE, Augustin SEMENESCU
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In this paper, Markov chain is used to model the reproduction of the fixed finite population, and use binomial distribution to discuss the probability of gen inheritance between generations population genes and establish transfer matrix ,using ...
Zhai Qian
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Affects affect affects: A Markov Chain [PDF]
Pietro Cipresso +3 more
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Multi-strategy evolutionary games: A Markov chain approach.
Interacting strategies in evolutionary games is studied analytically in a well-mixed population using a Markov chain method. By establishing a correspondence between an evolutionary game and Markov chain dynamics, we show that results obtained from the ...
Mahdi Hajihashemi +1 more
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Cellular Automata and Markov Chain Based Urban Growth Prediction
The urban share of the Indian population jumped from 18% in 1961 to 31.16% in 2011 (Gupta et.al2013). This huge spurt in growth of the population is putting a huge demand on available land resource.
Cellular Automata and Markov Chain Based Urban Growth Prediction
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Markov chains and applications
This work has three important purposes: first it is the study of Markov Chains, the second is to show that Markov chains have different applications and finally it is to model a process of this behaves. Throughout this work we will describe what a Markov
Mississippi Valenzuela
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Open Markov Type Population Models: From Discrete to Continuous Time
We address the problem of finding a natural continuous time Markov type process—in open populations—that best captures the information provided by an open Markov chain in discrete time which is usually the sole possible observation from data.
Manuel L. Esquível +2 more
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Analysis and Application of Grey-Markov Chain Model in Tax Forecasting
Tax data is a typical time series data, which is subject to the interaction and influence of economic and political factors and has dynamic and highly nonlinear characteristics.
Huidi Zhang, Yimao Chen
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We introduce the space of virtual Markov chains (VMCs) as a projective limit of the spaces of all finite state space Markov chains (MCs), in the same way that the space of virtual permutations is the projective limit of the spaces of all permutations of finite sets.We introduce the notions of virtual initial distribution (VID) and a virtual transition ...
Evans, Steven, Jaffe, Adam Q.
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Markov chain is a stochastic process to describe a phenomenon in the future based on a previous state. In practice, Markov chains are distinguished by time into two, namely discrete-time Markov chain and continuous-time Markov Chain.
Putri Monika +3 more
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