TY - JOUR
AU - Mark A.M. Lynch
AB - In this paper we use a continuous time Markov chain to model a simple optimisation problem with stochastic elements. The prerequisites are a knowledge of linear constant coefficient systems and some elementary probability—including the negative exponential distribution, which is briefly reviewed. The problem addressed has wide appeal and has the advantage of being based on modelling with differential equations. It offers an alternative to the classic mechanics and population models. The problem has easy generalizations with which to create variations. Special consideration is given to looking at some of the assumptions of the model and questioning the model solution. Received December 2002. Accepted May 2003. 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TI - Modelling a small internet café charging policy
JF - Teaching Mathematics and its Applications: An International Journal of the IMA
DO - 10.1093/teamat/22.2.77
DA - 2003-06-01
UR - https://www.deepdyve.com/lp/oxford-university-press/modelling-a-small-internet-caf-charging-policy-6R7JXRTCDf
SP - 77
VL - 22
IS - 2
DP - DeepDyve
ER -