Discrete Time Hybrid Semi-Markov Models in Manpower Planning

Discrete time Markov models are used in a wide variety of social sciences. However, these models possess the memoryless property, which makes them less suitable for certain applications. Semi-Markov models allow for more flexible sojourn time distributions, which can accommodate for duration of stay...

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Bibliographic Details
Main Authors: Brecht Verbeken, Marie-Anne Guerry
Format: Article
Language:English
Published: MDPI AG 2021-07-01
Series:Mathematics
Subjects:
Online Access:https://www.mdpi.com/2227-7390/9/14/1681