INDE 7321 - Stochastic Processes for Manufacturing and Service Systems
Cr. 3. (3-0)Prerequisite: INDE 2333, INDE 3364, and INDE 3382 and the consent of instructor. Review of probability theory, random variables and probability distributions, Markov chains, exponential distribution and Poisson processes, continuous time Markov chains, renewal theory, and queueing theory.