Answers are grounded in this paper and cite their sources.
An approximation algorithm for systematically converting a stiff Markov chain into a nonstiff chain with a smaller state space is discussed in this paper. After classifying the set of all states into fast and slow states, the algorithm proceeds by further classifying fast states into fast recurrent subsets and a fast transient subset. A separate analysis of each of these fast subsets is done and each fast recurrent subset is replaced by a single slow state while the fast transient subset is replaced by a probabilistic switch. After this reduction, the remaining small and nonstiff Markov chain is analyzed by a conventional technique.
No takes yet. Share an insight, caveat, or question.
Bobbio et al. (1986) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: