M.S. Sinaga, O. Purba, H. Nasution
In this paper we present an introduction to the finite markov chain. Transition probabilities are calculated, as well as a transition probability matrix. We present the necessary fundamentals of probability theory on markov chains for stochastic processes and stochastic modelling in inventory control. © Published under licence by IOP Publishing Ltd.
Universitas Negeri Medan, Jl. Williem Iskandar Pasar V, Medan, Indonesia
