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BZAN 641 - Advanced Stochastic Analytics

3 credit hours

The analysis and modeling of stochastic processes and Markov decision processes. Topics include renewal processes, Brownian motion, martingales, Markov decision processes and their solution using policy iteration methods and dynamic programming. Applications to queueing, inventory, scheduling, and financial decision models.

  • 610 and 620.
  • Minimum student level – graduate.