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Operations Research II - Period 4+5
Honors Program Program
Amsterdam, Netherlands
Dates: 1/30/25 - 5/31/25
Operations Research II - Period 4+5
OVERVIEW
CEA CAPA Partner Institution: Vrije Universiteit Amsterdam
Location: Amsterdam, Netherlands
Primary Subject Area: Economics
Other Subject Area: Mathematics
Instruction in: English
Course Code: E_EOR2_OR2
Transcript Source: Partner Institution
Course Details: Level 200
Recommended Semester Credits: 3
Contact Hours: 84
DESCRIPTION
This is an introductory course in stochastic models. It builds upon the basic course in probability theory and extends the theory of static probability to dynamic stochastic processes. The course focuses on Poisson process, discrete-time and continuous-time Markov chains, with applications to queueing models, risk analysis, reliability problems, and option pricing. It also discusses dynamic optimization and stochastic simulation of these systems.
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.