Question: A basic management tool of the stock of certain commodities consists of deciding on two levels 3 and S (5 0. Show that (Xn)n30 is

 A basic management tool of the stock of certain commodities consists

A basic management tool of the stock of certain commodities consists of deciding on two levels 3 and S (5 0. Show that (Xn)n30 is irreducible. (c) Construct an example for which (X70720 is not irreducible. (d) Suppose that s = 2, S = 5, p(1)p(2)p(3) > 0 and 13(1) +p(2) +p(3) = 1. Obtain the stationary distribution of (Xn)n

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