OR 7230: Probabilistic Operation Research
Lecture - 4 credits
- Introduces the theory and use of stochastic models to represent industrial operations.
- Topics include discrete-state Markov chains and applications, state transitions and properties, first passage probabilities, steady-state analysis; absorbing chains and absorption probabilities; introduction to continuous-time Markov chains, transition rates and steady-state analysis; basic elements of queuing systems, birth-and-death process, and special cases; steady-state analysis of simple queuing models including M/M/s, M/M/s/K, M/M/s/N/N and their special cases; and queuing models involving nonexponential distributions.
Introduces the theory and use of stochastic models to represent industrial operations. Show more.