Exact asymptotics for the stationary distribution of a Markov chain: a production model

Authors
Publication date 2009
Journal Queueing Systems
Volume | Issue number 62 | 4
Pages (from-to) 311-344
Organisations
  • Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
Abstract We derive rough and exact asymptotic expressions for the stationary distribution
π of a Markov chain arising in a queueing/production context. The approach
we develop can also handle "cascades," which are situations where the fluid limit of
the large deviation path from the origin to the increasingly rare event is nonlinear. Our
approach considers a process that starts at the rare event. In our production example,
we can have two sequences of states that asymptotically lie on the same line, yet π
has different asymptotics on the two sequences.
Document type Article
Published at https://doi.org/10.1007/s11134-009-9140-y
Published at http://www.springerlink.com/content/v98u4r27t651x60h/fulltext.pdf
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