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Mar 16, 2026
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OREM 3361 - Stochastic Models in Operations Research
Credits: 3
Covers the formulation, solution, and application of models for decision–making under uncertainty. Probabilistic and statistical methodologies (e.g., decision analysis, queuing theory, stochastic process, Markov chains, and simulation models) address problems in the design, management, and usage of efficient systems for producing goods and delivering services. Students use specialized software and spreadsheet add–ins for model–building and problem–solving. Weekly 1–hour, 20–minute laboratory. Prerequisites: C– or better in OREM 3340 . Corequisite: MATH 3304 . Management science majors only.
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