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Stochastic Modelling - Period 1+2
Business & Economics Program
Amsterdam, Netherlands
Dates: mid Aug 2025 - early Jun 2026
Stochastic Modelling - Period 1+2
OVERVIEW
CEA CAPA Partner Institution: Vrije Universiteit Amsterdam
Location: Amsterdam, Netherlands
Primary Subject Area: Mathematics
Instruction in: English
Course Code: X_400646
Transcript Source: Partner Institution
Course Details: Level 200
Recommended Semester Credits: 3
Contact Hours: 84
DESCRIPTION
Stochastic processes and queueing models are often applied to model practical situations where uncertainty is involved. This course mainly focuses on Markov chains and queueing models. A key element is the theoretical development of such models with the emphasis on modeling and its analysis. In addition, the models are motivated by applications. More specifically, the fundamental stochastic processes and queueing models that we study are: Markov chains in discrete and continuous time, the Poisson process, the M/M/1 queue, the Erlang delay and loss model, birth-death processes, the M/G/1 queue and the waiting-time paradox.
Contact hours listed under a course description may vary due to the combination of lecture-based and independent work required for each course therefore, CEA's recommended credits are based on the ECTS credits assigned by VU Amsterdam. 1 ECTS equals 28 contact hours assigned by VU Amsterdam.
Contact hours listed under a course description may vary due to the combination of lecture-based and independent work required for each course therefore, CEA's recommended credits are based on the ECTS credits assigned by VU Amsterdam. 1 ECTS equals 28 contact hours assigned by VU Amsterdam.