Two Markov Models of Neighborhood Housing Turnover
1972 ◽
Vol 4
(2)
◽
pp. 133-146
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Keyword(s):
This paper develops two mathematical models of housing turnover in a neighborhood. The first of these draws upon the theory of non-homogeneous Markov processes and includes the effects of present neighborhood composition upon future turnover probabilities. The second model considers the turnover process as a Markov renewal process and therefore allows the inclusion of length of occupancy as a determinant of transition probabilities. Example calculations for both models are included, and procedures for using the models are outlined.
2014 ◽
Vol 21
(03)
◽
pp. 1450014
1997 ◽
Vol 29
(04)
◽
pp. 909-946
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Keyword(s):