This paper deals with censoring of infinite-state banded Markov chains. Censoring involves reducing the time spent in states outside a certain set of states to 0 without affecting the number of visits ...

Systematic study of Markov chains and some of the simpler Markov processes including renewal theory, limit theorems for Markov chains, branching processes, queuing theory, birth and death processes, ...

Markov processes form a fundamental class of stochastic models in which the evolution of a system is delineated by the memoryless property. In such processes, the future state depends solely on the ...

This course is available on the MSc in Financial Mathematics, MSc in Quantitative Methods for Risk Management, MSc in Statistics (Financial Statistics) and MSc in Statistics (Financial Statistics) ...

Brief review of conditional probability and expectation followed by a study of Markov chains, both discrete and continuous time. Queuing theory, terminology, and single queue systems are studied with ...

We shall be concerned with an irreducible Markov chain, which we shall call "the system." For simplicity we shall assume that the system is aperiodic, but this is not essential. The reader is referred ...

[Attoparsec] has been building intriguing musical projects on his YouTube channel for a while and his latest is no exception. Dubbed simply as “Node Module”, it is a rack-mounted hardware-based Markov ...