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.
Operations Research III (IE 313)
Programs\Type | Required | Core Elective | Area Elective |
BA- Political Science | |||
BA-Cultural Studies | |||
BA-Cultural Studies | |||
BA-Economics | |||
BA-Economics | |||
BA-International Studies | |||
BA-International Studies | |||
BA-Management | |||
BA-Management | |||
BA-Political Sci.&Inter.Relat. | |||
BA-Political Sci.&Inter.Relat. | |||
BA-Social & Political Sciences | |||
BA-Visual Arts&Visual Com.Des. | |||
BA-Visual Arts&Visual Com.Des. | |||
BS-Biological Sci.&Bioeng. | * | ||
BS-Computer Science & Eng. | * | ||
BS-Computer Science & Eng. | * | ||
BS-Electronics Engineering | |||
BS-Electronics Engineering | |||
BS-Industrial Engineering | * | ||
BS-Manufacturing Systems Eng. | * | ||
BS-Materials Sci. & Nano Eng. | * | ||
BS-Materials Science & Eng. | * | ||
BS-Mechatronics | |||
BS-Mechatronics | |||
BS-Microelectronics | |||
BS-Molecular Bio.Gen.&Bioeng | * | ||
BS-Telecommunications | * |
CONTENT
OBJECTIVE
The mission of this course is to continue the study of modeling and solution of decision problems using operations research techniques with a particular emphasis on stochastic aspects.
LEARNING OUTCOME
Have a basic knowledge of discrete time Markov chains (DTMCs), formulate suitable applications as DTMCs and analyze their transient and steady-state behaviors.
Have a basic knowledge of continuous time Markov chains (CTMCs), formulate suitable applications as CTMCs and analyze their transient and steady-state behaviors.
Develop a deeper understanding of certain CTMC classes including Poisson processes, birth-and-death processes, and queueing models.
Perform computation analysis of the stochastic processes of interest using a programming language.
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ASSESSMENT METHODS and CRITERIA
Percentage (%) | |
Final | 50 |
Midterm | 30 |
Assignment | 20 |
RECOMENDED or REQUIRED READINGS
Textbook |
Introduction to Stochastic Processes with R., Robert P. Dobrow, 1st Ed., Wiley. |