We study the Master equation with time–dependent coefficients, a linear kinetic equation for the Markov chains or for the monomolecular chemical kinetics. For the solution of this equation a path summation formula is proved. This formula represents the solution as a sum of solutions for simple kinetic schemes (kinetic paths), which are available in explicit analytical form. The relaxation rate is studied and a family of estimates for the relaxation time and the ergodicity coefficient is developed. To calculate the estimates we introduce the multi–sheeted extensions of the initial kinetics. This approach allows us to exploit the internal (“micro”)structure of the extended kinetics without perturbation of the base kinetics.

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