ISE 430 - Engineering Operations Research - Stochastic Models

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Review of linear programming, duality theory, integer programming, and nonlinear programming. Topics include stochastic dynamic programming, ergodic and absorbing Markov chains with applications, and queuing models with applications based on birth-death process. Introduction to stochastic inventory models and Markov decision processes with applications. Offered fall.
Prerequisite(s): ISE 330 and major standing.