MAT 533 : Stochastic Processes

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A study of various probability models, including Markov chains, queuing models, inventory models, Poisson processes, birth and death processes, decision analysis, and reliability theory. Applications often include repair-facility design, communications, Monte Carlo techniques, computing, marketing, finance, greey algorithms, the arbitrage theorem in options pricing, and the Black-Scholes formula. Prerequsite MAT 434

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Last modified on Tuesday, January 12, 1999