A Markov Chain Simulation
- Author:
- sdunbar
A simulation of a Markov chain with a reflecting boundary which resets to an initial value when the boundary is reached.
For a full explanation with context, theory, explanation, application and problems to work, see
http://www.math.unl.edu/~sdunbar1/MathematicalFinance/Lessons/FirstStepAnalysis/CashManagement/cashmanagement.xml