< probability > (Named after Andrei Markov ) A model of sequences of events where the probability of an event occurring depends upon the fact that a preceding event occurred.
A Markov process is governed by a Markov chain.
In simulation , the principle of the Markov chain is applied to the selection of samples from a probability density function to be applied to the model. Simscript II.5 uses this approach for some modelling functions.
[Better explanation?]
(1995-02-23)