Markov chains: models, algorithms and applications (Q820232): Difference between revisions

The authors outline recent developments of Markov chain models for modeling queueing sequences, Internet, re-manufacturing systems, reverse logistics, inventory systems, bio-informat\-ics, DNA sequences, genetic networks, data mining, and many other practical systems. The book consists of eight chapters. Chapter 1 is a brief introduction to the classical theory on both discrete and continuous time Markov chains. The relationship between Markov chains of finite states and matrix theory is discussed. The chapter contains also the description of hidden Markov chains and the consideration of iterative methods for linear systems. Chapter 2 discusses the applications of continuous time Markov chains to model queueing systems and discrete time Markov chains for computing important characteristics of queueing systems and Internet models. Chapter 3 studies re-manufacturing systems and presents Markovian models for reverse manufacturing applications. In Chapter 4, hidden Markov models are applied to classify customers. Chapter 5 discusses the Markov decision process for customer lifetime values (CLV). CLV is an important concept and quantity in marketing management. Chapter 6 covers higher-order Markov chain models, including some applications as DNA sequences. Multivariate Markov models are discussed in Chapter 7. It presents a class of multivariate Markov chain models with a lower order of model parameters. Chapter 8 studies higher-order hidden Markov models. It proposes a class of higher-order hidden Markov models with an efficient algorithm for solving the model parameters. This book is aimed at students, professionals, practitioners, and researchers in scientific computing and operational research, who are interested in the formulation and computation of queueing and manufacturing systems. It gives a number of useful tools for researchers in real applications first of all.