Speaker: Nikola Trcka (TU/e, FM) Title: Transition Systems in Matrix Theory - Connection with Markov Chain Theory Abstract: The theory of Markov chains (MCs) is usually presented in terms of matrices. In this talk I will follow that approach but for labeled transition systems (LTSs) and bisimulations. The advantage of the new setting (notation) is not only that it increases compactness and comes with a well-developed algebraic apparatus, but more that it almost directly leads to several new and useful notions in both the MC and the LTS world. For example, I will show that rewards in MCs behave as terminating states in LTSs, that strong lumping for MCs is the same as strong bisimulation, and that the notion of tau-lumping that we have recently developed is just weak bisimulation. I will also try to interpret branching bisimulation in the MC setting, and the tau-reduction method in the LTS setting.