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 Course module: 202001366
 202001366Stochastic Models
 Course info
Course module202001366
Credits (ECTS)5
Course typeStudy Unit
Language of instructionEnglish
Contact personprof.dr. R.J. Boucherie
E-mailr.j.boucherie@utwente.nl
Lecturer(s)
 Previous 1-5 of 96-9 of 9 Next 4
 Lecturer ir. J. Bos Examiner prof.dr. R.J. Boucherie Contactperson for the course prof.dr. R.J. Boucherie Examiner dr.ir. A. Braaksma Lecturer J.W.M. Otten
Starting block
 2B
RemarksPreferably, this module component needs to be followed in parallel with the component Project Stochastic Models.
Application procedureYou apply via OSIRIS Student
Registration using OSIRISYes
 Aims
 body { font-size: 9pt; font-family: Arial } table { font-size: 9pt; font-family: Arial } After successful completion of this module component, the student is able to: formulate a Markov chain model for a given problem description and solve this model; formulate a Stochastic Dynamic Programming (SDP) model for a given problem description and solve this model; formulate a Markov Decision Process (MDP) model for a given problem description and solve this model; interpret the outcomes of an SDP and MDP model in order to construct an optimal strategy, which is applicable in a given practical situation; select an appropriate queueing model (M/M/1, M/M/c, etc.) for a given problem description and solve this model; interpret the implications of a queueing systemâ€™s performance on (given) performance indicators and formulate practical recommendations for system improvement.
 Content
 body { font-size: 9pt; font-family: Arial } table { font-size: 9pt; font-family: Arial } In the module component Stochastic Models, students first learn the basics of Markov chains (in discrete and continuous time, and Poisson processes). Using that knowledge, they next learn about stochastic dynamic programming and about queueing theory. Stochastic dynamic programming can be used to solve sequential multistage decision problems under uncertainty, e.g., transportation planning for multiple time periods with uncertain order arrivals and transportation times. Queueing theory can be used to analyse queueing problems that occur, e.g., in production and logistics, traffic, and communication networks.
Assumed previous knowledge
 Probability Theory (from module 4)
 Module
 Module 8
 Participating study
 Bachelor Applied Mathematics
Required materials
Book
 RJ Boucherie, A Braaksma, H Tijms – Operations Research, Introduction to Models and Methods, World Scientific Publishers, 2021. ISBN 978-981-123-981-6 (paperback), 978981-123-934-6 (hardcopy), 978-981-123-936-6 (ebook).
Recommended materials
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Instructional modes
 Lecture Q&A Tutorial
Tests
 Stochastic Models
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