IE 4130: Stochastic Modeling, Analysis and Simulation
Credits: 4. Contact Hours: Lecture 3, Discussion 1.
Prereq: MATH 2650 and STAT 2310
Development of probabilistic and simulation models using a simulation language. Introduction to Markov processes and other queuing models. Application to various areas of manufacturing and service systems such as assembly, material handling, and customer queues. Fitting of statistical distributions to data. Utilization of model output towards effective and efficient decision-making.
(Typically Offered: Fall)