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IE 302 Stochastic Models in Operations Research Select Term:
Introduction to stochastic processes with examples based on the appropriate manufacturing and service systems; decision making under uncertainty; Markov chains; production/inventory models; queuing systems; forecasting models; reliability engineering problems.
SU Credits : 4.000
ECTS Credit : 7.000
Prerequisite : Undergraduate level MATH 203 Minimum Grade of D AND ( Undergraduate level MS 301 Minimum Grade of D OR Undergraduate level IE 301 Minimum Grade of D OR Undergraduate level IE 311 Minimum Grade of D )
Corequisite : IE 302