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Abstract

In “The Application of Markov Chains in Management” Mr.Reza Ra’ei discusses the function of Markov chains and its application to Human Resource Playing, Inventory Control, Repair and Maintenance, amid Sales and Marketing. As we all know, the Markov chains con minimize mismatches between overstocking and under Stocking by trend analysis of inventory flows. It con also reduce the problems of over employment and underemployment among various sections of an

organization. Mr.Reza Ra’ei article would help understanding of the concepts and application of Markov Chains in the Iranian enterprises.

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