Markov Chains Models, Algorithms and Applications
This new edition of Markov Chains: Models, Algorithms and Applications has been completely reformatted as a text, complete with end-of-chapter exercises, a new focus on management science, new applications of the models, and new examples with applications
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Wai-Ki Ching Ximin Huang Michael K. Ng Tak-Kuen Siu
Markov Chains Models, Algorithms and Applications Second Edition
International Series in Operations Research & Management Science Volume 189
Series Editor Frederick S. Hillier Stanford University, CA, USA Special Editorial Consultant Camille C. Price Stephen F. Austin State University, TX, USA
For further volumes: http://www.springer.com/series/6161
Wai-Ki Ching • Ximin Huang Michael K. Ng • Tak-Kuen Siu
Markov Chains Models, Algorithms and Applications Second Edition
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Wai-Ki Ching Department of Mathematics The University of Hong Kong Hong Kong, SAR
Ximin Huang College of Management Georgia Institute of Technology Atlanta, Georgia, USA
Michael K. Ng Department of Mathematics Hong Kong Baptist University Kowloon Tong Hong Kong SAR
Tak-Kuen Siu Cass Business School City University London London United Kingdom
ISSN 0884-8289 ISBN 978-1-4614-6311-5 ISBN 978-1-4614-6312-2 (eBook) DOI 10.1007/978-1-4614-6312-2 Springer New York Heidelberg Dordrecht London Library of Congress Control Number: 2013931264 © Springer Science+Business Media New York 2006, 2013 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
To Mandy and my Parents Wai-Ki Ching To my Parents Ximin Huang To Anna, Cecilia and my Parents Michae
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