56:171 Operations Research Final Examination Solutions - University of Iowa

56:171 Operations Research Final Exam '98 page 3 of 14 _c_ 17. The steady-state probability vector π of a discrete Markov chain with transition probability matrix P satisfies the matrix equation a. P π = 0 c. π (I-P) = 0 e. NOTA b. P π = π d. P t π = 0 _a_ 18. For a continuous-time Markov chain, let Λ be the matrix of transition rates.


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