Encyclopedia of Operations Research and Management Science

2001 Edition
| Editors: Saul I. Gass, Carl M. Harris

Stationary transition probabilities

  • Saul I. Gass
  • Carl M. Harris
Reference work entry
DOI: https://doi.org/10.1007/1-4020-0611-X_993

When the transition probabilities of a Markov process are time-invariant. That is, for times st in the time domain T, and any state x and any set A in the state space, Pr{X(t) ∈ A|X(s) = x} = Pr{X(ts) ∈ A|X(0) = xv}. Markov chains; Markov processes.

Copyright information

© Kluwer Academic Publishers 2001

Authors and Affiliations

  • Saul I. Gass
    • 1
  • Carl M. Harris
    • 2
  1. 1.Robert H. Smith School of BusinessUniversity of MarylandCollege PartUSA
  2. 2.School of Information Technology & EngineeringGeorge Mason UniversityFairfaxUSA