Includes bibliographies and indexes.
|Statement||Daniel P. Heyman, Matthew J. Sobel.|
|Series||McGraw-Hill series in quantitative methods for management|
|Contributions||Sobel, Matthew J.|
|LC Classifications||T57.6 .H49 1982|
|The Physical Object|
|Pagination||2 v. :|
|ISBN 10||0070286310, 0070286329|
|LC Control Number||81014322|
This two-volume set of texts explores the central facts and ideas of stochastic processes, illustrating their use in models based on applied and theoretical investigations.4/5(1). Integrating stochastic processes into operations research and management can further aid in the decision-making process for industrial and management problems. Stochastic Processes and Models in Operations Research emphasizes mathematical tools and equations relevant for solving complex problems within business and industrial settings. Read the latest chapters of Handbooks in Operations Research and Management Science at , Elsevier’s leading platform of peer-reviewed scholarly literature. Stochastic Models In Operations Research I. IE Credit Hours: 3. Learning Objective: An introduction to techniques for modeling random processes used in operations research. Markov chains, continuous time Markov processes, Markovian queues, reliability, Martingales, and Brownian motion. (Reference book Ross Chapter ). Applied.
Purchase Stochastic Models, Volume 2 - 1st Edition. Print Book & E-Book. ISBN , Book Edition: 1. Stochastic models are everywhere. In manufacturing, queuing models are used for modeling production processes, realistic inventory models are stochastic in nature. Stochastic models . The aim of stochastic programming is to find optimal decisions in problems which involve uncertain data. This field is currently developing rapidly with contributions from many disciplines. The application area of stochastic programming includes portfolio analysis, financial optimization, energy problems, random yields in manufacturing, risk analysis, etc. In this book models in financial optimization and risk analysis are discussed as examples, including solution methods .
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