IE4011: Stochastic Models

4 CreditsGoal 10 - People/EnvironmentGoal 6 - Hum: Arts/Lit/PhilOnline Available

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

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