Embedding techniques for Markov chains seek to determine when a discrete‐time transition matrix can be realised as the matrix exponential of a continuous‐time generator. This embedding problem lies at ...

Physical systems supporting stationary-structures allow translation of their mathematical formulations in to stochastic models. This paper presents the application of Markovian nonuniform generation ...

This paper outlines a way to estimate transition matrices for use in credit risk modeling with a decades-old methodology that uses aggregate proportions data. This methodology is ideal for credit-risk ...