Operations Research II

Undergraduate

Probabilistic O.R. models. Markov chains and their properties; continuous-time Markov chains. Queuing theory; the role of Exponential and Poisson distributions. Applications of queuing theory in production systems. Markovian decision processes. Reliability. Renewal Theory. Use of computer software programs to solve optimization problems in queues and Markov Processes. (Prerequisite: GENG-2220.) (3 lecture, 2 laboratory hours a week.)