Stochastic Optimization: Dynamic Models

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Overview

Subject area

ODA

Catalog Number

75200

Course Title

Stochastic Optimization: Dynamic Models

Department(s)

Description

The course concerns the optimization of stochastic models of sequential decision processes. It is a overview of Markov Decision Processes (MDP), Multi Armed Bandit (MAB) formulations, and stochastic programming applications. The course also introduces several sequential stochastic optimization solution methods including exact and approximate stochastic dynamic programming. Application areas include operations management (various manufacturing and service settings including retail, healthcare, supply chains), computer science (networks), Economics (marketplaces).

Typically Offered

Fall, Spring

Academic Career

Graduate School Graduate

Liberal Arts

Yes

Credits

Minimum Units

3

Maximum Units

3

Academic Progress Units

3

Repeat For Credit

No

Components

Name

Seminar

Hours

3

Requisites

031726

Course Schedule