Course Description

IE332: Operations Research II

Stochastic OR models for performance evaluation and decision making are discussed. The topics include basic concepts of stochastic processes like Markov chains, Poisson processes, and renewal processes, and stochastic OR models like queueing models, inventory and reliability models, forecasting and time series analysis, decision analysis, Markov decision processes, and stochastic simulation. Modeling and basic concepts are emphasized. Related computer software is also introduced.