Frydman, Halina, Jarl Kallberg, and Duen-Li Kao (1985) Testing the Adequacy of Markov Chain
and Mover-Stayer Models as Representations of Credit Behavior.
On the Limiting Behaviour of a Non-homogeneous Markov Chain
Model in Manpower Systems.
Then, the probability that the loan is in state i at period t+l is expressed as a Markov chain
, as follows:
In this paper we consider the family of Markov chains
associated to the parametrized matrix
Droughts occurred in the city of synoptic stations shoushtar by PNPI and SPI indices was performed and the results are listed in Table 3 Comparison Between them, the proximity of the two parameters was observed As was observed in the Markov chain
using PNPI index more than 81% probability gives a normal water year.
The development of TPM is one essential component in using Markov Chain
The reasonable fitting of fatigue test data of carbon-fiber composite specimen is obtained using a simple Markov chain
model with states of space based on random Daniels' sequence assuming the decrease of local tensile strength of LIs in comparison with tensile strength of single LI and some time scale factor.
The vertical change of textural layers is assumed to be a 1-D Markov chain
that can be described by a TPM.
2 The descent set process of a deck of n distinct cards under a- shuffling is a Markov chain
, whose transition matrix [[bar.
t+1] = j, we say that the Markov chain
visits the states i and j at times t and t + 1, respectively, and that the Markov chain
transitions from i to j at time t + 1.
is a stochastic process that handles the uncertainty condition of road system performance through time.
A Markov chain
defined on different payment states of a mortgage loan allows one to define and calculate a health index on the loan portfolio which can be used as a performance measure of that portfolio.