O'Reilly logo

Markov Processes for Stochastic Modeling, 2nd Edition by Oliver Ibe

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

5

Continuous-Time Markov Chains

5.1 Introduction

A stochastic process image is a continuous-time Markov chain (CTMC) if, for all image and nonnegative integers image:

image

This means that in a CTMC, the conditional probability of the future state at time image given the present ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required