STAT 4603 - Operations Research II

Units: 4
Theory of stochastic models with applications to engineering. Markov processes, queues, birth-death processes. Operations research applications. Inventory models, risk theory, fatigue failure, and reliability. Computer simulation. Prerequisites: STAT 3602 /INDE 3602 . Not open to students with credit for STAT 3602/INDE 3602 or STAT 4401.