Approximations: Replacing random variables with their means
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Gani, Joseph
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Applied Probability Trust
Abstract
One of the standard methods for approximating a bivariate continuous-time Markov chain {X(t), Y(t): t ≥ 0}, which proves too difficult to solve in its original form, is to replace one of its variables by its mean, This leads to a simplified stochastic p
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Journal of Applied Probability