Industrial Engineering

Introduction To Stochastic Processes(IND405)

Course Code Course Name Semester Theory Practice Lab Credit ECTS
IND405 Introduction To Stochastic Processes 7 3 0 0 3 4
Prerequisites IND211
Admission Requirements IND211
Language of Instruction English
Course Type Elective
Course Level Bachelor Degree
Course Instructor(s)
Assistant
Objective The stochastic processes, which is one of the major areas of interest for an industrial engineer, enable the modeling of systems with random components. The stochastic models have several application areas including supply chain management, inventory systems management, and call-center management. The aim is to introduce the logic of modeling of stochastic systems, which can further be useful for academic studies and in industry. Hence, the objectives of the course are determined as follows:
• Introduce discrete-time and discrete-state processes.
• Introduce continuous-time and discrete-state processes.
• Introduce the concepts of conditional expectation and conditional probability.
• Make the students comprehend how they can analyze the performance of systems modeled through stochastic processes.
• Make the students apply their theoretical knowledge to model queuing, reliability, and inventory systems.
Content
Course Learning Outcomes Upon successful completion of this course, the student will be able to LO 1: Define different types of stochastic models.
LO 2: Classify the states of Markov processes.
LO 3: Calculate the transition probabilities and mean time spent in transient states for Markov chains.
LO 4: Define the concepts of conditional probability and conditional expectation.
LO 5: Define the branching process.
LO 6: Define the Bernoulli and Poisson processes.
LO 7: Define the birth and death process.
LO 8: Model a problem through the appropriate stochastic process.
LO 9: Analyze various permance measures such as mean queue length, mean time in system, etc. for steady-state stochastic processes.
ÖÇ 10: Define queuing, reliability, and inventory models.
Teaching and Learning Methods
References Ross, S., “Introduction to Probability Models”, 9th Edition, Academic Press, New York, 2007.
Çınlar, E., “Introduction to Stochastic Processes”, 2nd Edition, Dover, New Jersey, 2013.
Print the course contents
Theory Topics
Week Weekly Contents
1 Review of probability (Ross, Chapter 1)
2 Review of probability (Ross, Chapter 2)
3 Conditional probability and conditional expectation (Ross, Chapter 3)
4 Conditional probability and conditional expectation (Ross, Chapter 3)
5 Markov chains, Chapman-Kolmogorov equations, and classification of states (Ross, Chapter 4)
6 Gambler’s ruin problem, branching process (Ross, Chapter 4)
7 Bernoulli process (Çınlar, Chapter 3)
8 Midterm
9 Poisson process and exponential distribution (Ross, Chapter 5)
10 Poisson process and exponential distribution (Ross, Chapter 5)
11 Markov process, birth and death processes (Ross, Chapter 6)
12 Birth and death processes, transition and limiting probabilities (Ross, Chapter 6)
13 Queuing models M/M/1, M/M/k, M/G/1 and M/G/k, and embedded Markov chain (Ross, Chapter 8, Çınlar, Chapter 6)
14 Reliability and inventory models (Ross, Chapter 9)
Practice Topics
Week Weekly Contents
Contribution to Overall Grade
  Number Contribution
Contribution of in-term studies to overall grade 6 50
Contribution of final exam to overall grade 1 50
Toplam 7 100
In-Term Studies
  Number Contribution
Assignments 5 20
Presentation 0 0
Midterm Examinations (including preparation) 1 30
Project 0 0
Laboratory 0 0
Other Applications 0 0
Quiz 0 0
Term Paper/ Project 0 0
Portfolio Study 0 0
Reports 0 0
Learning Diary 0 0
Thesis/ Project 0 0
Seminar 0 0
Other 0 0
Toplam 6 50
No Program Learning Outcomes Contribution
1 2 3 4 5
1 Knowledge and understanding of a wide range of basic sciences (math, physics, ...) and the main concepts of engineering X
2 Ability to combine the knowledge and skills to solve engineering problems and provide reliable solutions X
3 Ability to select and apply methods of analysis and modeling to ask, reformulate and solve the complex problems of industrial engineering X
4 Ability to conceptualize complex systems, processes or products under practical constraints to improve their performance, ability to use innovative methods of design X
5 Ability to design, select and apply methods and tools needed to solve problems related to the practice of industrial engineering, ability to use computer technology X
6 Ability to design experiments, collect and interpret data and analyze results X
7 Ability to work independently, ability to participate in working groups and have a multidisciplinary team spirit X
8 Ability to communicate effectively, ability to speak at least two foreign languages X
9 Awareness of the need for continuous improvement of lifelong learning, ability to keep abreast of scientific and technological developments to use the tools of information management X
10 Awareness of professional and ethical responsibility
11 Knowledge of the concepts of professional life as "project management", "risk management" and "management of change"
12 Knowledge on entrepreneurship, innovation and sustainability
13 Understanding of the effects of Industrial Engineering applications on global and social health, environment and safety. X
14 Knowledge of the problems of contemporary society X
15 Knowledge of the legal implications of the practice of industrial engineering
Activities Number Period Total Workload
Class Hours 14 3 42
Working Hours out of Class 13 2 26
Assignments 5 3 15
Presentation 0 0 0
Midterm Examinations (including preparation) 1 10 10
Project 0 0 0
Laboratory 0 0 0
Other Applications 0 0 0
Final Examinations (including preparation) 1 17 17
Quiz 0 0 0
Term Paper/ Project 0 0 0
Portfolio Study 0 0 0
Reports 0 0 0
Learning Diary 0 0 0
Thesis/ Project 0 0 0
Seminar 0 0 0
Other 0 0 0
Total Workload 110
Total Workload / 25 4,40
Credits ECTS 4
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