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.