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We consider Markov Modulated Bernoulli Processes (MMBP) where the success probability of a Bernoulli process evolves over time according to a Markov chain. The MMBP is applied in reliability modeling where systems and components function in a randomly changing environment. Some of these...
Persistent link: https://www.econbiz.de/10010999697
We consider Markov Modulated Bernoulli Processes (MMBP) where the success probability of a Bernoulli process evolves over time according to a Markov chain. The MMBP is applied in reliability modeling where systems and components function in a randomly changing environment. Some of these...
Persistent link: https://www.econbiz.de/10010759297