Catalog Description: Methods and techniques for stochastic modeling and optimization, with applications to queueing theory, Markov chains, inventory theory, games, and decisions. AMS 341 and 342 may be taken in either order, though it is recommended that AMS 341 be taken first.
Prerequisite: AMS 210 or MAT 201; AMS 311
3 credits
Textbook: Introduction to Probability Models, by Sheldon Ross, Ninth Edition, Academic Press
Spring 2010 Section
54030 LEC 01 TUTH 02:20-03:40AM Loc: Physics P129 Inst: Jiaqiao Hu AMS 342 Webpage
1. Introduction and Review of Probability Theory – 4 hours
2. Discrete Time Markov Chains – 7 hours
3. Continuous Time Markov Chains – 6 hours
4. Queuing Theory – 8 hours
5. Inventory Theory – 6 hours
6. Reliability Theory – 6 hours
7. Examinations and Review – 5 class hours