Comparison Results for Markov-Modulated Recursive Models
1997 ◽
Vol 11
(2)
◽
pp. 203-217
◽
Keyword(s):
We consider a general discrete-time stochastic recursive model that is influenced by an external Markov chain. Our aim is to investigate the effect that the transition matrix of the external process has on the system states of the model. To answer this question, we use new stochastic ordering concepts. Especially interesting are the results for infinite-stage Markov-modulated models. We illustrate our main results by three applications: an inventory model, a consumption model, and a queueing model for a time division multiplexing system.
1997 ◽
Vol 34
(02)
◽
pp. 514-524
◽
Keyword(s):
2011 ◽
Vol 18
(6)
◽
pp. 993-1010
◽
Keyword(s):
Keyword(s):
2013 ◽
Vol 2013
◽
pp. 1-13
◽
2019 ◽
Vol 4
(6)
◽
pp. 1311-1315
Keyword(s):
1989 ◽
Vol 50
(C1)
◽
pp. C1-119-C1-125
◽
1981 ◽
Vol 20
(03)
◽
pp. 163-168
◽