Northwest corner and banded matrix approximations to a Markov chain

Yiqiang Q. Zhao, W. John Braun and Wei Li

Naval Research Logistics (NRL), 1999, vol. 46, issue 2, 187-197

Abstract: In this paper, we consider approximations to discrete time Markov chains with countably infinite state spaces. We provide a simple, direct proof for the convergence of certain probabilistic quantities when one uses a northwest corner or a banded matrix approximation to the original probability transition matrix. © 1999 John Wiley & Sons, Inc. Naval Research Logistics 46: 187–197, 1999

Date: 1999
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https://doi.org/10.1002/(SICI)1520-6750(199903)46:23.0.CO;2-V

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Persistent link: https://EconPapers.repec.org/RePEc:wly:navres:v:46:y:1999:i:2:p:187-197

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