1st Edition

Probability Models in Operations Research

By C. Richard Cassady, Joel A. Nachlas Copyright 2009
    224 Pages
    by CRC Press

    222 Pages 15 B/W Illustrations
    by CRC Press

    Industrial engineering has expanded from its origins in manufacturing to transportation, health care, logistics, services, and more. A common denominator among all these industries, and one of the biggest challenges facing decision-makers, is the unpredictability of systems. Probability Models in Operations Research provides a comprehensive overview of the probabilistic and stochastic modeling approaches commonly used to capture the randomness in industrial and systems engineering.

    Probability Modeling Fundamentals. Analysis of Random Variables. Analysis of Multiple Random Variables. Bernoulli Processes. Discrete-Time Markov Chains. Poisson Processes. Renewal Processes. Continuous-Time Markov Chains. Queueing Theory.

    Biography

    Cassady, C. Richard; Nachlas, Joel A.