MATH 3502 - Applied Probabilistic Modeling for Management Science

Institution:

University of Minnesota-Morris

Subject:

Description:

Same as Mgmt 3502. Short review of probability and statistics; mean and variance of a data set; discrete and continuous random variables (especially the exponential distribution and the Poisson distribution). Decision and game theory. Decision trees, types of decision criteria. Queueing models, birth-and-death processes; Markovian or Poisson arrivals and exponential service times; M/M/k and M/M/8 queues; Statistical Quality Control; inventory control system.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.morris.umn.edu/

Phone Number:

(320) 589-6035

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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