Unformatted text preview: 2) By simulation, investigate for the case λ = 6 and μ = 5; λ = 7 and μ = 5; λ = 4 and μ = 5. 3) Find the limiting probabilities, comment the result. 4) Study the particular cases given in 2) 5) What is the long run average sales? Interpret the result. Compare the values for the cases given in 2) 6) Suppose that a demand that comes where is no stock is lost for ever. What is the amount of business that is lost? Again, interpret the result....
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 Spring '10
 bonnet
 Probability theory, Birthdeath process, Poisson process, Markov chain, Continuoustime Markov process, Markov models

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