The Stochastic Models add-in constructs Markov Chain and Markov
Process models. It creates a model worksheet that carries symbolic
definitions of the states, events and transitions that define
the process.
By selecting the Model menu option, the student may
choose between several model types. The add-in constructs a
model worksheet with appropriate formulas automatically entered.
Parameters on the worksheet specify features of the model. A
click of a button constructs the Markov Chain or Markov Process
on a different worksheet. It is then ready to be analyzed with
the Stochastic Analysis add-in.
The General menu option constructs models with specified
numbers of state and decision variables. The student then must
enter in the logical and numerical functions that define the
model.
The Relink Buttons command is useful when opening a
workbook containing a model in a different computer than the
one in which the model was created. The command deletes the
old buttons are replaces them with buttons linked to the add-in
in the new computer.
We show the menu with the Stochastic Analysis add-in installed.
It must be installed to construct models.
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