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Management · Q159

Operations Research or Qualitative Approach

Graduate and Post Graduate · Management · question 159

Q159

The transition matrix elements remain positive from one point to the next. This property is known as:

A.
Steady-state property
B.
Equilibrium property
C.
Regular property
Answer
D.
All of the above

Answer: Option C

Solution

Answer: Option C
Solution:
The transition matrix elements remain positive from one point to the next. This property is known as Regular property. A transition matrix (stochastic matrix) is said to be regular if some power of T has all positive entries.