56:273:
Stochastic Systems

 Dennis Bricker

Dept. of Mechanical & Industrial Engineering
The University of Iowa
Iowa City, Iowa 52242
 



This course will introduce the student to various models, applications and computational algorithms for optimal decision-making when the available information is incomplete or actions must be selected before the occurrence of random events.

Models include optimization with multistage linear programming with recourse, stochastic dynamic programming, and Markov decision processes.

Discussion of successful applications in various areas, such as production scheduling, financial planning and portfolio management, agriculture, forest and fishery harvest management, hydropower and water resources, and transportation.



to Dennis Bricker's home page

http://www.engineering.uiowa.edu/~dbricker/ss_index.html

dennis-bricker@uiowa.edu

Last modified: 17 April 2008