Stochastic Analysis

Markov Chain Markov Process

The Stochastic Analysis Add-in performs a wide range of computations associated with continuous time (Markov Process) and discrete time (Markov Chain) Markovian Stochastic Processes. When the add-in is installed, the items on the left are added to the OR_MS menu. The add-in creates and analyzes either Markov Chain or Markov Process models. It is also called by the Stochastic Models add-in to construct models created by that add-in. Click on a link to the left to see illustrations of the two types. The Relink buttons command recreates buttons on the worksheets. This is necessary to use a model constructed on a different computer.