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Markov Chains between Theory and Application In the Economic, Administrative or Financial Field | ||
| TANMIYAT AL-RAFIDAIN | ||
| Article 13, Volume 30, Issue 92, 2008, Pages 239-256 PDF (558.1 K) | ||
| Document Type: Research Paper | ||
| DOI: 10.33899/tanra.2008.161734 | ||
| Author | ||
| Rikan Ahmed | ||
| Abstract | ||
| Abstract One of the principles of the development or improvement of any company or commercial establishment is demanded by the help of new or modern scientific which can help it to control its different activities whether in the present or in the future. This makes it affective and competent in the business. The study above shows one of these methods which are clearly which are clearly with Markov chains, especially in the possibility of its use when we want to describe the economic, administrative and financial phenomenon etc for the company or the commercial establishment. Markov chains can be used to state the problems which the company is faced and it can determine the development of these phenomena in the present and in the future by using statistical analysis for this chain in the phenomenon. . | ||
| Keywords | ||
| Markov chains; Economic or Administrative or Financial Field | ||
|
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