Use of Markov Chain Simulation in Long Term Care Insurance
The aim of this paper is to present the use of simulations of non-homogeneous Markov chains in discrete time in the context of the problem of long-term care delivery. The object of investigation is to model the distribution of clients into different states during specified time steps, then to estima...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Czech Statistical Office
2022-12-01
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| Series: | Statistika: Statistics and Economy Journal |
| Subjects: | |
| Online Access: | https://www.czso.cz/documents/10180/167607761/32019722q4_409-425_mucha_analyses.pdf/c5fd7374-2735-4b11-b5d7-fb79edbd7393?version=1.1 |