Models for describing/evaluating random systems. Formulating/analyzing stochastic models for business. Discrete-time/continuous-time Markov chains. Poisson processes. Markovian/non-Markovian queueing theory. Inventory management, manufacturing, reliability.prereq: MATH 2374, MATH 2142 or MATH 2373 or equivalent, 3521 or Stat 3021, CSE Upper Division