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| | Asymptotic Rate of an Open Loop Markov Model |
 | | However, for more complicated models the open-loop hazard rate for the nth state is a function of time, so in general it isn’t clear, a priori, how to infer the steady-state closed-loop hazard rate (for the nth state) from the open-loop behavior. |
 | | Open Loop and Closed Loop Markov Models for a derivation of this result.) If, on the other hand, we decide to treat this as an open loop model, allowing all probability to eventually accumulate in State 2, what is the asymptotic hazard rate for State 2? Taking P |
 | | In general, for any Markov model, the asymptotic open loop rate is always equal to the negative of the dominant eigenvalue, where "dominant" means the smallest absolute value. |
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