Operations Research II

Catalog description

Credits 3. 3 Lecture Hours. Probabilistic methods for industrial and service systems; stochastic processes used in industrial engineering, including Poisson processes and discrete and continuous-time Markov chains; applications to production operations, inventory control, revenue management, quality control, reliability, digital simulation and finance. Prerequisites: Grade of C or better in MATH 304 or MATH 323 ; grade of C or better in ISEN 310 , STAT 212 , or ECEN 303 ; junior or senior classification.