Appendix 14.1: Markov Analysis with QM for Windows
Markov analysis can be used for a variety of practical problems, including determining market shares and equilibrium conditions and tracing patients through a medical system. The grocery store example is used to show how Markov analysis can be used to determine future market-share conditions. Programs 14.1A and 14.1B reveal how QM for Windows is used to compute market share and equilibrium conditions. Note that the initial conditions and the ending market shares (probabilities) are also displayed.
Program 14.1A QM for Windows Input Screen for Market Share Example
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