STAT 4341 Introduction to Stochastic Processes

This course is particularly well-suited for those wanting to see how probability theory can be applied to the study of random phenomena in fields such as engineering, management science, the physical and social sciences, and operations research. Topics include condit ional expectation, Markov chains, Poisson processes, and queuing theory. Additional applications chosen from such topics as reliability theory, Brownian motion, finance and asset pricing, inventory theory, dynamic programming, and simulation.

Credits

3

Prerequisite

MATH 2318 and STAT 3337 both with grade of "C" or better.

Schedule Type

Lecture

Grading Basis

Standard Letter (A-F)

Administrative Unit

School of Mathematical and Statistical Sciences