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What is Stochastic Business Modeling Course Overview about?

1. This course covers stochastic business modeling concepts and techniques needed for managerial decision making under uncertainty. 2. Students will learn queuing models, simulation models, Markov processes, and Markovian decision processes and how to apply them to real-world business situations. 3. The course will include lectures, discussions, presentations, quizzes, assignments, and an end term exam. Students will also analyze case studies to develop their skills in applying stochastic modeling approac

Author

ptanoy8

Language

EN