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 |
| Computer Science and Engineering | * | ||
| Computer Science and Engineering | * | ||
| Industrial Engineering | * | ||
| Industrial Engineering (Previous Name: Manufacturing Systems Engineering) | * | ||
| Materials Science and Nano Engineering | * | ||
| Materials Science and Nano Engineering (Previous Name: Materials Science and Engineering) | * | ||
| Molecular Biology, Genetics and Bioengineering | * | ||
| Molecular Biology, Genetics and Bioengineering (Pre. Name: Biological Sciences and Bioengineering) | * |
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 OUTCOMES
- 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.
PROGRAMME OUTCOMES
1. Understand the world, their country, their society, as well as themselves and have awareness of ethical problems, social rights, values and responsibility to the self and to others. 1
2. Understand different disciplines from natural and social sciences to mathematics and art, and develop interdisciplinary approaches in thinking and practice. 1
3. Think critically, follow innovations and developments in science and technology, demonstrate personal and organizational entrepreneurship and engage in life-long learning in various subjects; have the ability to continue to educate him/herself. 2
4. Communicate effectively in Turkish and English by oral, written, graphical and technological means. 2
5. Take individual and team responsibility, function effectively and respectively as an individual and a member or a leader of a team; and have the skills to work effectively in multi-disciplinary teams. 1
1. Possess sufficient knowledge of mathematics, science, fundamental engineering, computational methods and program-specific engineering topics; use theoretical and applied knowledge of these areas in complex engineering problems. 3
2. Identify, define, formulate and solve complex engineering problems while considering the UN Sustainable Development Goals; choose and apply suitable analysis, design, estimation/prediction and modeling methods for this purpose. 3
3. Develop, choose and use modern techniques and tools that are needed for analysis and solution of complex problems faced in engineering applications; use information technologies effectively. 3
4. Have the ability to design a complex system, process, instrument or a product under realistic constraints and conditions, with the goal of fulfilling creative current and future requirements. 2
5. Use research methods, including conducting literature reviews, designing experiments, performing experiments, collecting data, analyzing results, and interpreting results, to investigate complex engineering problems or discipline-specific research topics. 1
6. Possess knowledge of business practices such as project management, risk management, change management, and economic feasibility analysis; awareness on entrepreneurship and innovation. 1
7. Possess knowledge of impact of engineering solutions on society, health and safety, the economy, sustainability, and the environment within the framework of the UN Sustainable Development Goals; awareness on legal outcomes of engineering solutions; awareness of acting impartially and inclusively without any form of discrimination; act in accordance with ethical principles, possessing knowledge of professional and ethical responsibilities. 1
8. Communicate effectively, both orally and in writing, on technical subjects, considering the diverse characteristics of the target audience (such as education, language, and profession). 2
Update Date:
ASSESSMENT METHODS and CRITERIA
| Percentage (%) | |
| Final | 60 |
| Midterm | 40 |
RECOMENDED or REQUIRED READINGS
| Textbook |
Introduction to Stochastic Processes with R., Robert P. Dobrow, 1st Ed., Wiley. |