Search results with tag "Ieor 6711"

1 IEOR 6711: Continuous-Time Markov Chains

independent of the past, and so on.1 Letting X(t) denote the state at time t, we end up with a continuous-time stochastic process fX(t) : t 0gwith state space S. Our objective is to place conditions on the holding times to ensure that the continuous-time process satis es the Markov property: The future, fX(s+ t) : t 0g, given the

  Time, Chain, Eori, Continuous, 6711, Markov, Ieor 6711, Continuous time markov chains, Continuous time