Recent experimental evidence suggests that synaptic plasticity depends on t
he precise timing of pre- and post-synaptic activity. In this paper, an ite
rative model for a multiplicative form of this spike-timing-dependent plast
icity (mSTDP) is introduced. This model is incorporated into a neural netwo
rk with many input cells coupled via excitation to a single output cell. An
alysis of this network yields a criterion for the output cell to fire on ev
ery iteration, as well as general formulae for the steady-state output firi
ng rate and the steady-state value to which all synaptic weights are driven
by mSTDP. These characterize the basic state of network operation generate
d by mSTDP.