Balance Equation

In probability theory, a balance equation is an equation that describes the probability flux associated with a Markov chain in and out of states or set of states.

Read more about Balance Equation:  Global Balance, Detailed Balance, Local Balance

Famous quotes containing the words balance and/or equation:

    There is a delicate balance of putting yourself last and not being a doormat and thinking of yourself first and not coming off as selfish, arrogant, or bossy. We spend the majority of our lives attempting to perfect this balance. When we are successful, we have many close, healthy relationships. When we are unsuccessful, we suffer the natural consequences of damaged and sometimes broken relationships. Children are just beginning their journey on this important life lesson.
    —Cindy L. Teachey. “Building Lifelong Relationships—School Age Programs at Work,” Child Care Exchange (January 1994)

    A nation fights well in proportion to the amount of men and materials it has. And the other equation is that the individual soldier in that army is a more effective soldier the poorer his standard of living has been in the past.
    Norman Mailer (b. 1923)