IEOR E3106x Introduction To Operations Research: Stochastic Models 3 pts. For undergraduates only. Prerequisites: SIEO W3600. Some of the main stochastic models used in engineering and operations research applications: discrete-time Markov chains, Poisson processes, birth and death processes and other continuous Markov chains, renewal reward processes. Applications: queueing, reliability, inventory, and finance.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Autumn 2008 :: IEOR E3106
IEOR 3106	92448 001	TuTh 4:10p - 5:25p 309 Havemeyer Hall	W. Whitt	122 / 150

IEOR E3402y Production-Inventory Planning and Control 4 pts. Prerequisites: or corequisites: Probability, statistics, and mathematical programming. Inventory management and production planning. Continuous and periodic review models: optimal policies and heuristic solutions, deterministic and probabilistic demands. Material requirements planning. Aggregate planning of production, inventory, and work force. Multi-echelon integrated production-inventory systems. Production scheduling. Term project. Recitation Section Required.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Spring 2009 :: IEOR E3402
IEOR 3402	81282 001	TBA	Instructor To Be Announced	0 / 120

SIEO W3600y Introduction To Probability and Statistics 4 pts. Prerequisites: calculus. Fundamentals of probability and statistics used in engineering and applied science. Probability: random variables, useful distributions, expectations, law of large numbers, central limit theorem. Statistics: point and confidence interval estimation, hypothesis tests, linear regression. Recitation Section Required.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Spring 2009 :: SIEO W3600
SIEO 3600	93346 001	TBA	Instructor To Be Announced	0

IEOR E3608x Introduction To Mathematical Programming 4 pts. Prerequisites: Linear Algebra Corequisites: Data Structures Introduction to mathematical programming models and computational techniques. Linear programming and the simplex method, dynamic programming, implicit enumeration for integer programs; production planning applications. Recitation Section Required.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Autumn 2008 :: IEOR E3608
IEOR 3608	93596 001	TuTh 2:40p - 3:55p 329 Pupin Laboratories	M. Chudnovsky	121 / 150

IEOR E3658x Probability 3 pts. Prerequisites: calculus. Fundamentals of probability theory. Distributions of one or more random variables. Moments, generating functions, law of large numbers and central limit theorem.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Autumn 2008 :: IEOR E3658
IEOR 3658	83029 001	TuTh 4:10p - 5:25p 602 Hamilton Hall	M. Olvera-Cravioto	55
IEOR 3658	67211 R01	F 10:00a - 11:00a 633 Seeley W. Mudd Building	Instructor To Be Announced	0 / 0

IEOR E3800x-E3801y Industrial Engineering Design Project, I and II 3 pts. Senior industrial engineering group design project. Teams of three to five students formulate and solve current industrial engineering problems in cooperation with local production, service, or government organizations. Oral and written reports required.

IEOR E3900x and y Undergraduate Research or Project 1-3 pts. Prerequisites: approval by a faculty member who agrees to supervise the work. Independent work involving experiments, computer programming, analytical investigation, or engineering design.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Autumn 2008 :: IEOR E3900
IEOR 3900	15944 001	TBA	D. Bienstock	0
IEOR 3900	12530 002	TBA	J. Blanchet	0
IEOR 3900	11398 003	TBA	M. Chudnovsky	0
IEOR 3900	12046 004	TBA	R. Cont	0
IEOR 3900	12696 005	TBA	E. Derman	0
IEOR 3900	13646 006	TBA	G. Gallego	0
IEOR 3900	16298 007	TBA	D. Goldfarb	0
IEOR 3900	17149 008	TBA	T. Huh	0
IEOR 3900	17747 009	TBA	G. Iyengar	0
IEOR 3900	18697 010	TBA	S. Kachani	0
IEOR 3900	21299 011	TBA	S. Kou	0
IEOR 3900	21998 012	TBA	M. Olvera-Cravioto	0
IEOR 3900	28751 013	TBA	J. Sethuraman	0
IEOR 3900	29781 014	TBA	K. Sigman	0
IEOR 3900	44257 015	TBA	C. Stein	0
IEOR 3900	55944 016	TBA	W. Whitt	0
IEOR 3900	50280 017	TBA	D. Yao	0
IEOR 3900	60280 018	TBA	Instructor To Be Announced	0
Spring 2009 :: IEOR E3900
IEOR 3900	87782 001	TBA	D. Bienstock	0
IEOR 3900	72192 002	TBA	J. Blanchet	0
IEOR 3900	82193 003	TBA	M. Chudnovsky	0
IEOR 3900	94693 004	TBA	R. Cont	0
IEOR 3900	93634 005	TBA	E. Derman	0
IEOR 3900	17192 006	TBA	G. Gallego	0
IEOR 3900	11283 007	TBA	D. Goldfarb	0
IEOR 3900	13781 008	TBA	T. Huh	0
IEOR 3900	25783 009	TBA	G. Iyengar	0
IEOR 3900	67194 010	TBA	S. Kachani	0
IEOR 3900	29574 011	TBA	S. Kou	0
IEOR 3900	88012 012	TBA	M. Olvera-Cravioto	0
IEOR 3900	29575 013	TBA	J. Sethuraman	0
IEOR 3900	62196 014	TBA	K. Sigman	0
IEOR 3900	60779 015	TBA	C. Stein	0
IEOR 3900	62781 016	TBA	W. Whitt	0
IEOR 3900	60847 017	TBA	D. Yao	0
IEOR 3900	61196 018	TBA	Instructor To Be Announced	0

IEOR E4000x Production Management 3 pts. Prerequisites: or Corequisite probability theory and linear programming. An introduction to production management for students not having an industrial engineering bachelor's degree. Topics include deterministic inventory models, aggregate production planning, material requirements planning, forecasting, stochastic inventory models and supply chain management. Emphasis is on modeling and its implications for managerial decisions.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Autumn 2008 :: IEOR E4000
IEOR 4000	63030 001	MW 9:10a - 10:25a 603 Hamilton Hall	Instructor To Be Announced	28 / 50

IEOR E4001y Design and Management of Production and Service Systems 3 pts. Prerequisites: IEOR E4000 or IEOR E3402 Design and management problems in production and service systems: process design and capacity management, inventory system design and management, aggregate planning, staff scheduling, and quality control system design.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Spring 2009 :: IEOR E4001
IEOR 4001	61899 001	TBA	L. Riccio	0 / 70

IEOR E4003x Industrial Economics 3 pts. Prerequisites: or Corequisites: probability theory and linear programming. Introduction to the economic evaluation of industrial projects. Economic equivalence and criteria. Deterministic approaches to economic analysis. Multiple projects and constraints. Analysis and choice under risk and uncertainty.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Autumn 2008 :: IEOR E4003
IEOR 4003	42596 001	M 6:10p - 8:40p 417 International Affairs Bldg	S. Kachani	133 / 200

IEOR E4004x and y-E4004x an Introduction To Operations Research: Deterministic Models 3 pts. For students who have not studied linear programming. Some of the main methods used in IEOR applications involving deterministic models: linear programming, the simplex method, nonlinear, integer and dynamic programming.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Autumn 2008 :: IEOR E4004
IEOR 4004	46298 001	TuTh 2:40p - 3:55p 209 Havemeyer Hall	D. Goldfarb	136 / 120
Spring 2009 :: IEOR E4004
IEOR 4004	63347 001	TBA	Instructor To Be Announced	0

IEOR E4007x (Section 1) Optimization Models and Methods for Financial Engineering 3 pts. This course is for MS in Financial Engineering students only. Prerequisites: Linear algebra. Linear, quadratic, nonlinear, dynamic, and stochastic programming. Some discrete optimization techniques will also be introduced. The theory underlying the various optimization methods is covered. The emphasis is on modeling and the choice of appropriate optimization methods. Applications from financial engineering will be discussed.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Autumn 2008 :: IEOR E4007
IEOR 4007	87953 001	W 10:35a - 1:05p 535 Seeley W. Mudd Building	G. Iyengar	60 / 0

IEOR E4106y Introduction To Operations Research: Stochastic Models 3 pts. For Graduate and Undergraduate Honors Track students. Prerequisites: probability theory. Some of the main stochastic models used in engineering and operations research applications: discrete-time Markov chains, Poisson processes, birth and death processes and other continuous Markov chains, renewal reward processes. Applications: queueing, reliability, inventory, and finance.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Autumn 2008 :: IEOR E4106
IEOR 4106	92654 001	MW 2:40p - 3:55p 833 Seeley W. Mudd Building	D. Yao	137 / 150
Spring 2009 :: IEOR E4106
IEOR 4106	67096 001	TBA	W. Whitt	0 / 120

SIEO W4150x and y-S4150 Introduction To Probability and Statistics 3 pts. Prerequisites: a working knowledge of calculus. Fundamentals of probability theory and statistical inference used in engineering and applied science. Probabilistic models, random variables, useful distributions, expectations, law of large numbers, central limit theorem. Statistical inference: point and confidence interval estimation, hypothesis tests, linear regression.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Autumn 2008 :: SIEO W4150
SIEO 4150	97296 001	TuTh 11:00a - 12:15p 833 Seeley W. Mudd Building	L. Wright	107 / 123
SIEO 4150	58005 R01	TBA	Instructor To Be Announced	0 / 0
Spring 2009 :: SIEO W4150
SIEO 4150	92496 001	TuTh 7:40p - 8:55p TBA	I. Hueter	0

IEOR E4201x The Engineering of Management, I 3 pts. Analytical models of the processes of managing and engineering. Application of recent developments in industrial engineering, operations research, and computing to management problems in establishing policies and objectives, patterns of organization, decision processes, and communication and control systems.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Autumn 2008 :: IEOR E4201
IEOR 4201	47398 001	Th 6:40p - 9:10p 233 Seeley W. Mudd Building	K. Fordyce P. Norden	66

IEOR E4202y The Engineering of Management, II 3 pts. Prerequisites: IEOR E4201 or the instructor's permission Application of quantitative techniques to problems of organization and management. Integration of optimization, simulation, gaming, knowledge bases, expert systems, sensitivity analyses, and measurement into management information, decision support, and project management and tracking systems. Practical cases and term project.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Spring 2009 :: IEOR E4202
IEOR 4202	71346 001	TBA	K. Fordyce P. Norden	0

IEOR E4207x Human Factors: Performance 3 pts. Open only to IEOR students. Sensory and cognitive (brain) processing considerations in the design, development, and operations of systems, products, and tools. User or operator limits and potential in sensing, perceiving decision making, movement coordination, memory, and motivation.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Autumn 2008 :: IEOR E4207
IEOR 4207	48448 001	M 6:10p - 8:40p 834 Seeley W. Mudd Building	L. Gold	41

IEOR E4208y Seminar In Human Factors Design 3 pts. Prerequisites: IEOR E4207 or the instructor's permission. An in-depth exploration of the application potential of human factor principles for the design of products and processes. Applications to industrial products, tools, layouts, workplaces, and computer displays. Consideration to environmental factors, training and documentation. Term project.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Spring 2009 :: IEOR E4208
IEOR 4208	60848 001	TBA	L. Gold	0

IEOR E4210y Supply Chain Management 3 pts. Prerequisites: IEOR 3402, IEOR 4000 or permission of instructor. Major issues in supply chain management, including, definition of a supply chain; role of inventory; supply contracts; bullwhip effect and information sharing; vendor-managed inventories and other distribution strategies; third-party logistics providers; managing product variety; information technology and supply chain management; international issues. Emphasis on quantitative models and analysis.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Spring 2009 :: IEOR E4210
IEOR 4210	62446 001	TBA	T. Huh	0 / 60

IEOR E4307x Industrial Forecasting 3 pts. Prerequisites: SIEO W3600 Analytical techniques and forecasting methodologies with application to industrial problems. Evaluation and comparison of techniques as they pertain to industrial applications. Term project.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Autumn 2008 :: IEOR E4307
IEOR 4307	52547 001	Tu 6:40p - 9:10p 209 Havemeyer Hall	K. Dehnad	91

IEOR E4308x Industrial Budgeting and Financial Control 3 pts. Prerequisites: ECON W2261 Management control via the budgeting and financial processes. Topics include the preparation, evaluation, and implementation of operating and capital budgets and review of their performance. Examples from contemporary practice.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Autumn 2008 :: IEOR E4308
IEOR 4308	56546 001	MW 1:10p - 2:25p 545 Seeley W. Mudd Building	L. Riccio	33

IEME E4310x The Manufacturing Enterprise 3 pts. The strategies and technologies of global manufacturing and service enterprises. Connections between the needs of a global enterprise, the technology and methodology needed for manufacturing and product development, and strategic planning as currently practiced in industry.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Autumn 2008 :: IEME E4310
IEME 4310	76796 001	W 10:35a - 1:05p 1024 Seeley W. Mudd Building	S. Weinig	28

IEOR E4403x Advanced Engineering and Corporate Economics 3 pts.Not offered in 2008-2009. Prerequisites: probability theory and linear programming Key measures and analytical tools to assess the financial performance of a firm and perform the economic evaluation of industrial projects. Deterministic mathematical programming models for capital budgeting. Concepts in utility theory, game theory and real options analysis.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Autumn 2008 :: IEOR E4403
IEOR 4403	99696 001	W 6:10p - 8:40p 301 Pupin Laboratories	S. Kachani	140 / 200
Spring 2009 :: IEOR E4403
IEOR 4403	66397 001	TBA	S. Kachani	0

IEOR E4404x and y Simulation 4 pts. Prerequisites: SIEO W3600 or SIEO W4150 and knowledge of Java, C, or FORTRAN Generation of random numbers from given distributions; variance reduction; statistical output analysis; introduction to simulation languages; application to financial, telecommunications, computer, and production systems. Graduate students must register for 3 points. Undergraduate students must register for 4 points. NOTE: Students who have taken IEOR E4703 Monte Carlo simulation may not register for this course for credit. Recitation Section Required.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Autumn 2008 :: IEOR E4404
IEOR 4404	57898 001	TuTh 9:10a - 10:25a 633 Seeley W. Mudd Building	M. Olvera-Cravioto	92 / 85
Spring 2009 :: IEOR E4404
IEOR 4404	67696 001	TBA	Instructor To Be Announced	0 / 65

IEOR E4405y Production Scheduling 3 pts.Prerequisites: SIEO W3600, IEOR E3608, and a working knowledge of computer programming. Job shop scheduling: parallel machines, machines in series; arbitrary job shops. Algorithms, complexity, and worst-case analysis. Effects of randomness: machine breakdowns, random processing time. Term project.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Spring 2009 :: IEOR E4405
IEOR 4405	72697 001	TBA	C. Stein	0

IEOR E4406x Facilities Location, Routing and Network Design 3 pts. Prerequisites: IEOR E3608 or IEOR E4004 Facility location problems in application areas such as telecommunications networks,product distribution systems and emergency services. Emphasis on applications, algorithmic approaches, routing and network design problems.

IEOR E4407x Game Theoretic Models of Operations 3 pts. Prerequisites: IEOR E4004, IEOR E4106, and familiarity with differential equations and a programming language; or instructor's permission. A mathematically rigorous study of game theory and auctions, and their application to operations management. Topics include introductory game theory, private value auction, revenue equivalence, mechanism design, optimal auction, multiple-unit auctions, combinatorial auctions, incentives, and supply chain coordination with contracts. No previous knowledge of game theory is required.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Autumn 2008 :: IEOR E4407
IEOR 4407	63749 001	TuTh 11:00a - 12:15p 633 Seeley W. Mudd Building	J. Sethuraman	85

IEOR E4412y Quality Control and Management 3 pts. Prerequisites: SIEO W3600 or SIEO W4150, or the equivalent. Statistical methods for quality control and improvement: graphical methods, introduction to experimental design and reliability engineering and the relationships between quality and productivity. Contemporary methods used by manufacturing and service organizations in product and process design, production and delivery of products and services.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Spring 2009 :: IEOR E4412
IEOR 4412	81547 001	TBA	W. Latzko	0 / 70

IEOR E4416y Capacity Planning: Models, Algorithms and Applications 3 pts. Prerequisites: IEOR 3608 or IEOR 4404. Capacity planning problems are of significant importance in capital-intensive service and manufacturing industries, including telecommunications networks, power generation and transport, transportation networks, and heavy process industries. We will explore a large variety of capacity planning models with emphasis on timing, sizing, location, and capacity type decisions. The course will emphasize modeling approaches, key issues, and algorithms.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Spring 2009 :: IEOR E4416
IEOR 4416	86350 001	TBA	H. Luss	0

IEOR E4418x Logistics and Transportation Management 3 pts. Prerequisites: IEOR 3608 or IEOR 4404 or permission of instructor. Introduces quantitative techniques and state-of-the-art practice of operations research relevant to the design and both the tactical and strategic management of logistical and transportation systems. Discusses a wide variety of passenger and freight systems, including air, urban and highway traffic, rail, and maritime systems. Explores the practice of revenue management and dynamic pricing. Through case studies, analyzes successes and failures in third-party logistics, postal, truck and rail pickup and delivery systems. Investigates large-scale integrated logistics and transportation systems and studies the underlying principles governing transportation planning, investment and operations.

IEOR E4500y Applications Programming for FE 3 pts. Prerequisites: Programming in Java, C, or C++ and instructor's approval. In this course we will take a hands-on approach to developing computer applications for Financial Engineering. Special focus will be placed on high-performance numerical applications that interact with a graphical interface. In the course of developing such applications we will learn how to create DLLs, how to integrate VBA with C/C++ programs, and how to write multithreaded programs. Examples of problems setttings that we will consider include: simulation of stock price evolution, tracking, evaluation and optimization of a stock portfolio; optimal trade execution. In the course of developing these applications we will review topics of interest to OR/FE in a holistic fashion.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Spring 2009 :: IEOR E4500
IEOR 4500	93546 001	TBA	D. Bienstock	0

IEOR E4550y Entrepreneurial Business Creation for Engineers 3 pts. Prerequisites: ECON W1105 and ECON W2261. Introduces the basic concepts and methodologies that are used by the non-engineering part of the world in creating, funding, investing in, relating to, and operating entrepreneurial ventures. The first half of the course focuses on the underpinning principles and skills required in recognizing, analyzing, evaluating, and nurturing a business idea. The second half focuses on basic legal knowledge necessary in creating a business entity, defending your business assets, and in promoting effective interaction with other individuals and organizations.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Autumn 2008 :: IEOR E4550
IEOR 4550	76954 001	MW 4:10p - 5:25p 1127 Seeley W. Mudd Building	D. Robbins	59
Spring 2009 :: IEOR E4550
IEOR 4550	97247 001	TBA	Instructor To Be Announced	0

IEOR E4600y Applied Integer Programming 3 pts. Prerequisites: Linear programming, linear algebra, and a working knowledge of computer programming. Applications of mathematical programming techniques, especially integer programming, with emphasis on software implementation. Typical applications: capacity expansion, network design, and scheduling.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Spring 2009 :: IEOR E4600
IEOR 4600	98196 001	TBA	Instructor To Be Announced	0

IEOR E4601y Dynamic Pricing and Revenue Management 3 pts. Prerequisites: SIEO W4150 and IEOR E4004 Focus on capacity allocation, dynamic pricing and revenue management. Perishable and/or limited product and pricing implications. Applications to various industries including service, arilines, hotel, resource rentals, etc.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Spring 2009 :: IEOR E4601
IEOR 4601	76779 001	TBA	G. Gallego	0

IEOR E4602y Quantitative Risk Management 3 pts. Prerequisites: SIEO W4150 and IEOR E4106 Risk management models and tools; measure risk using statistical and stochastic methods, hedging and diversification. Examples include insurance risk, financial risk, and operational risk. Topics covered include VaR, estimating rare events, extreme value analysis, time series estimation of extremal events; axioms of risk measures, hedging using financial options, credit risk modeling, and various insurance risk models.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Spring 2009 :: IEOR E4602
IEOR 4602	88533 001	TBA	Instructor To Be Announced	0 / 80

IEOR E4620x Applied Financial Engineering 3 pts. Prerequisites: IEOR E4700 Characteristics of commodities or credit derivatives. Case study and pricing of structures and products. Topics covered include: Swaps, credit derivatives, single tranche CDO, hedging, convertible arbitage, FX, leverage leases, debt markets, and commodities.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Autumn 2008 :: IEOR E4620
IEOR 4620	27154 001	Th 6:40p - 9:10p 627 Seeley W. Mudd Building	D. Mongeot K. Dehnad	49
Spring 2009 :: IEOR E4620
IEOR 4620	92191 001	TBA	K. Dehnad	0 / 70

IEOR E4630y Asset Allocation 3 pts. Prerequisites: IEOR E4700 Models for pricing and hedging equity, fixed-income, credit-derivative securities, standard tools for hedging and risk management, models and theoretical foundations for pricing equity options (standard European, American equity options, Asian options), standard Black-Scholes model (with multi-asset extension), asset allocation, portfolio optimization, investments oover long time horizons, and pricing of fixed-income derivatives (Ho-Lee, Black-Derman-Toy, Heath-Jarrow-Morton interest rate model).

IEOR E4700x and y Introduction To Financial Engineering 3 pts. Prerequisites: IEOR E4106 or the equivalent. Introduction to investment and financial instruments via portfolio theory and derivative securities, using basic operations research/engineering methodology. Portfolio theory, arbitrage; Markowitz model, market equilibrium, and the capital asset pricing model. General models for asset price fluctuations in discrete and continuous time. Elementary introduction to Brownian motion and geometric Brownian motion. Option theory; Black-Scholes equation and call option formula. Computational methods such as Monte Carlo simulation.

Course Number	Call Number/ Section	Days & Times/ Location	Instructor	Enrollment
Autumn 2008 :: IEOR E4700
IEOR 4700	75946 001	TuTh 4:10p - 5:25p 207 Mathematics Building	J. Sethuraman	100 / 100
Spring 2009 :: IEOR E4700
IEOR 4700	10846 001	TBA	Instructor To Be Announced	0 / 70

IEOR E4701 Stochastic models for Financial Engineering 3 pts. This course is for MS in Financial Engineering students only. Prerequisites: SIEO W4105 or the equivalent Review of elements of probability theory, Poisson processes, exponential distribution, renewal theory, Wald's equation. Introduction to discrete-time Markov chains and applications to queueing theory, inventory models, branching processes.

IEOR E4703x Monte Carlo Simulation 3 pts. This course is for MS in Financial Engineering students only. Prerequisites: IEOR E4701. Multivariate random number generation, bootstrapping, Monte Carlo simulation, efficiency improvement techniques. Simulation output analysis, Markov-chain Monte Carlo