A transient solution method for semi-Markov systems

We study semi-Markov processes with finite state spaces to obtain a transient solution. In the first place, we obtain Kolmogorov's equation from which, in the case of a less general semi-Markov process, we obtain an explicit formula for transient state probabilities. From this point we give a method to obtain a solution of general semi-Markov processes.

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Year of publication:	1993
Authors:	Limnios, N.
Published in:	Statistics & Probability Letters. - Elsevier, ISSN 0167-7152. - Vol. 17.1993, 3, p. 211-220
Publisher:	Elsevier
Keywords:	Semi-Markov process Markov renewal process transient solution

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005319672