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A new solution algorithm for skip-free processes to the left

Author
Bauer, Claus

Full text
https://revistas.ufro.cl/ojs/index.php/cubo/article/view/1413
10.4067/S0719-06462010000200011
Abstract
This paper proposes a new solution algorithm for steady state models describing skip-free processes to the left where each level has one phase. The computational complexity of the algorithm is independent of the number of levels of the system. If the skip parameter of the skip-free process is significantly smaller than the number of levels of the system, our algorithm numerically outperforms existing algorithms for skip-free processes. The proposed algorithm is based on a novel method for applying generalized Fibonacci series to the solution of steady state models.
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Discipline
Artes, Arquitectura y UrbanismoCiencias Agrarias, Forestales y VeterinariasCiencias Exactas y NaturalesCiencias SocialesDerechoEconomía y AdministraciónFilosofía y HumanidadesIngenieríaMedicinaMultidisciplinarias
Institutions
Universidad de ChileUniversidad Católica de ChileUniversidad de Santiago de ChileUniversidad de ConcepciónUniversidad Austral de ChileUniversidad Católica de ValparaísoUniversidad del Bio BioUniversidad de ValparaísoUniversidad Católica del Nortemore

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