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- W183735511 abstract "This chapter presents some results and examples on the invariant distributions of monotone Markov processes. It summarizes the fundamental results on the existence, uniqueness, and stability of the invariant distribution for the Dubins-Freedman as well as Lindley-Spitzer processes. It also examines the speed of convergence. The derivation of the analytical properties of invariant distributions is known to be problematic. Majumdar and Hashimzade provide a concrete example of a class of Markov processes whereby it is possible to completely identify the unique invariant distribution. They also discuss the relevance of such processes in policies dealing with management of renewable resources that allows for (random) regeneration. This chapter considers a model that describes a policy of ‘constant harvesting’ or ‘constant yield’ in renewable resource management." @default.
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- W183735511 date "2011-10-20" @default.
- W183735511 modified "2023-09-25" @default.
- W183735511 title "On Some Monotone Markov Models" @default.
- W183735511 doi "https://doi.org/10.1093/acprof:oso/9780198073970.003.0003" @default.
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