APPLIED MATHEMATICS MODELING (2 SCU)

Learning Outcomes:

On successful completion of this course, students will be able to: use fundamental concepts of decision analysis and game theory; apply  the formulas of deterministic and probabilistic inventory model as well as queueing system for economic and business problems; analyze the simulation model and the use Markov Chain concept of operation research problems; demonstrate  the ability to complete group projects on operations research topics.

Topics:

1. Decision Analysis;
2. Game Theory;
3. Deterministic Inventory Model;
4. Probabilistic Inventory Model;
5. Markov Chain;
6. Simulation Modelling;
7. Queueing System;
8. Deterministic Inventory Mode;
9. Probabilistic Inventory Model;
10. Queueing System;
11. Simulation Modelling;
12. Markov Chain;
13. Presentations.