Analysis of Stochastic Birth – Death Process with Mean, Variance and Matrix Models
M. E. Agba, M. E. Egwe · International Journal of Innovative Research and Development · 2021
The mean and variance were generated from the probability generating function. The generator matrix A was gotten from the stochastic Birth-Death process. Applications for the study such as Data communication, Post office, Park place, Super markets, Traffic lights, Production system were highlighter as the importance of stochastic processes. Basic notations and definitions were given to understand the various concepts.