IE561 STOCHASTIC PROCESSES I
| Course Code: |
5680561 |
| METU Credit (Theoretical-Laboratory hours/week): |
3(3-0) |
| ECTS Credit: |
8.0 |
| Department: |
Industrial Engineering |
| Language of Instruction: |
English |
| Level of Study: |
Masters |
| Course Coordinator: |
|
| Offered Semester: |
Fall or Spring Semesters. |
Course Content
Markov chains: Transient and steady state behavior, First Passage times. Markov process: Transient and steady state behavior, First Passage times and phase type distributions. Queuing networks. Markov decision process (MDP): Continuous and discreet time models, MDP as linear programs, MDP under constraints, Maintenance applications. Reliability and maintenance problems: Definition, System configurations, Reliability improvements with cost considerations, Reliability bounds.
