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Markov Chains || Step-By-Step || ~xRay Pixy

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Learn Markov Chains step-by-step using real-life examples. Video Chapters: Markov Chains 00:00 Introduction 00:19 Topics Covered 01:49 Markov Chains Applications 02:04 Markov Property 03:18 Example 1 03:54 States, State Space, Transition Probabilities 06:17 Transition Matrix 08:17 Example 02 09:17 Example 03 10:26 Example 04 12:25 Example 05 14:16 Example 06 16:49 Example 07 18:11 Example 08 24:56 Conclusion

Discrete Event Simulation (DES)

Discrete event simulation (DES) is the process of codifying the behavior of a complex system as an ordered sequence of well-defined events. In this context, an event comprises a specific change in the system's state at a specific point in time.





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