Academic Catalog

IE464 STOCHASTIC OPTIMIZATION WITH APPLICATIONS

Course Code: 5680464
METU Credit (Theoretical-Laboratory hours/week): 3(3-0)
ECTS Credit: 5.0
Department: Industrial Engineering
Language of Instruction: English
Level of Study: Undergraduate
Course Coordinator: Assoc.Prof.Dr. SEL SAVAANERL TFEKC
Offered Semester: Fall and Spring Semesters.
Prerequisite: Set 1: 5680361
The course set above should be completed before taking IE464 STOCHASTIC OPTIMIZATION WITH APPLICATIONS .

Course Content

Framework for stochastic optimization. Application areas. Structural properties of the policies. Decision criteria. Computational methods: value iteration, policy improvement, linear programming. Real-life case studies.