The Arsenal of Perturbation Bounds for Finite Continuous-Time Markov Chains: A Perspective
Alexander Y. Mitrophanov
Abstract:Perturbation bounds are powerful tools for investigating the phenomenon of insensitivity to perturbations, also referred to as stability, for stochastic and deterministic systems. This perspective article presents a focused account of some of the main concepts and results in inequality-based perturbation theory for finite state-space, time-homogeneous, continuous-time Markov chains. The diversity of perturbation bounds and the logical relationships between them highlight the essential stability properties and … Show more
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