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Discrete-Time Markov Chains
G. George Yin, Qing Zhang (Broschiert, Englisch)
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Beschreibung
This book focuses on two-time-scale Markov chains in discrete time. Our motivation stems from existing and emerging applications in optimization and control of complex systems in manufacturing, wireless communication, and ?nancial engineering. Much of our e?ort in this book is devoted to designing system models arising from various applications, analyzing them via analytic and probabilistic… techniques, and developing feasible compu- tionalschemes. Ourmainconcernistoreducetheinherentsystemcompl- ity. Although each of the applications has its own distinct characteristics, all of them are closely related through the modeling of uncertainty due to jump or switching random processes. Oneofthesalientfeaturesofthisbookistheuseofmulti-timescalesin Markovprocessesandtheirapplications. Intuitively,notallpartsorcom- nents of a large-scale system evolve at the same rate. Some of them change rapidly and others vary slowly. The di?erent rates of variations allow us to reduce complexity via decomposition and aggregation. It would be ideal if we could divide a large system into its smallest irreducible subsystems completely separable from one another and treat each subsystem indep- dently. However, this is often infeasible in reality due to various physical constraints and other considerations. Thus, we have to deal with situations in which the systems are only nearly decomposable in the sense that there are weak links among the irreducible subsystems, which dictate the oc- sional regime changes of the system. An e?ective way to treat such near decomposability is time-scale separation. That is, we set up the systems as if there were two time scales, fast vs. slow. xii Preface Followingthetime-scaleseparation,weusesingularperturbationmeth- ology to treat the underlying systems. 82,34 €
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Technische Daten
Erscheinungsdatum
23.11.2010
Sprache
Englisch
EAN
9781441919557
Herausgeber
Springer US
Serien- oder Bandtitel
Stochastic Modelling and Applied Probability
Sonderedition
Nein
Autor
G. George Yin, Qing Zhang
Seitenanzahl
347
Auflage
1
Einbandart
Broschiert
Hersteller: Springer Nature Customer Service Center GmbH, ProductSafety@springernature.com
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