On pth roots of stochastic matrices

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On pth roots of stochastic matrices

In Markov chain models in finance and healthcare a transition matrix over a certain time interval is needed but only a transition matrix over a longer time interval may be available. The problem arises of determining a stochastic pth root of a stochastic matrix (the given transition matrix). By exploiting the theory of functions of matrices, we develop results on the existence and characterizat...

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ژورنال

عنوان ژورنال: Linear Algebra and its Applications

سال: 2011

ISSN: 0024-3795

DOI: 10.1016/j.laa.2010.04.007