Interpolating data in transition probability matrix of Markov chain to improvise average length of stay
Data interpolation is proposed for estimating transition probability matrix (TPM) of Markov chain model. We showed that interpolated estimator was unbiased. To show its applicability the model on the manpower recruitment policy is developed and analyzed on Excel spreadsheet. Based on the model, the...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
2017
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| Subjects: | |
| Online Access: | http://repo.uum.edu.my/25906/1/IJBR%208%203%202017%20263%20270.pdf http://repo.uum.edu.my/25906/ http://www.bipublication.com/ijabr2017sp3.html |
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| Institution: | Universiti Utara Malaysia |
| Language: | English |