Autonomous Solution Methods for Large Markov Chains

@inproceedings{Barge2008AutonomousSM,
  title={Autonomous Solution Methods for Large Markov Chains},
  author={Walter S. Barge and William J. Stewart},
  year={2008}
}
One of the roadblocks to greater application of Markov chains is that non-numerically sophisticated users possess the detailed domain knowledge needed to construct a large Markov chain but may have a difficult time deciding which numerical solution method might be best suited to their applications. A realistic Markov chain model can easily contain hundreds of thousands of states, yet users may severely restrict their models to keep them small enough to fit within the constraints of certain… CONTINUE READING