IE 505 Stochastic Processes and Applications
Credit Information:
(3+0+0) 3
Description:
Random variables and stochastic processes: Generating functions, Bernouilli and Branching processes, Poisson processes and applications in traffic models. Renewal and regenerative processes and applications in inventory control and reliability models. Markov chains and Markov processes with applications in queueing models. Introduction to Brownian motion with financial applications.
Prerequisite:
Consent of the instructor.
Offered by:
Syllabus:
