DocumentCode :
3393993
Title :
Evaluation method based on markov chain model
Author :
Liang Li ; Qi-sheng Guo ; Xiu-yue Yang
Author_Institution :
Acad. of Armored Forces Eng., Beijing
fYear :
2008
fDate :
10-12 Oct. 2008
Firstpage :
1511
Lastpage :
1514
Abstract :
The evaluation outcome often has time lags. As a result, the decision makers often make decision with time lags. In order to deal with the problem, a novel evaluation method based on Markov chain was put forward. Make the mark sequence given by experts for each index a Markov chain, the initial distribution and transition probabilities matrix can be computed based upon the statistical analysis of the marks. Further more, the stationary distribution can be obtained. The mathematical expectation of the marks was made the weight of each index. The weight computed based upon the initial distribution, transition probability matrix and stationary distribution were treated as the initial weight, evolutional weight and stationary weight respectively. When the expertspsila survey is available, the weight can be updated in a timely basis and the amount of information is enlarged. Then the decision makers can make decision more scientifically in time. At last, a descriptive example, the effect of which is favorable, was given to demonstrate the method.
Keywords :
Markov processes; decision making; matrix algebra; Markov Chain model; mathematical expectation; statistical analysis; time lags; transition probability matrix; Aggregates; Cost accounting; Distributed computing; Equations; Probability distribution; State-space methods; Statistical analysis; Stochastic processes;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
System Simulation and Scientific Computing, 2008. ICSC 2008. Asia Simulation Conference - 7th International Conference on
Conference_Location :
Beijing
Print_ISBN :
978-1-4244-1786-5
Electronic_ISBN :
978-1-4244-1787-2
Type :
conf
DOI :
10.1109/ASC-ICSC.2008.4675615
Filename :
4675615
Link To Document :
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