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Weak convergence of Markov chains with two-parameter time

✍ Scribed by R. Morkvėnas


Publisher
Springer
Year
1982
Tongue
English
Weight
241 KB
Volume
22
Category
Article
ISSN
0363-1672

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This work is concerned with asymptotic properties of solutions to forward equations for singularly perturbed Markov chains with two small parameters. It is motivated by the model of a cost-minimizing firm involving production planning and capacity expansion and a two-level hierarchical decomposition