Question: 1.11. Suppose that a production process changes state according to a Markov process whose transition probability matrix is given by (a) Determine the limiting probabilities

1.11. Suppose that a production process changes state according to a Markov process whose transition probability matrix is given by

0 1 2 3 0 || 0.3 0.3 0.5 0 0.2 P

= 1 0.5 0.2 0.2 0.1 2 0.2 0.3 0.4 0.1 3

(a) Determine the limiting probabilities .7ro and it .

(b) Suppose that states 0 and 1 are "In-Control" while states 2 and 3 are deemed "Out-of-Control." In the long run, what fraction of time is the process Out-of-Control?

(c) In the long run, what fraction of transitions are from an In-Control state to an Out-of-Control state?

0 1 2 3 0 || 0.3 0.3 0.5 0 0.2 P = 1 0.5 0.2 0.2 0.1 2 0.2 0.3 0.4 0.1 3 || 0.1 0.2 0.4 0.3

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Probability And Stochastic Modeling Questions!