Titlebook: Applied Probability and Stochastic Processes; Richard M. Feldman,Ciriaco Valdez-Flores Book 2010Latest edition Springer-Verlag Berlin Heid

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Inventory Theory,a cost, ordering often has a cost, being out of an item has a cost, and items may be perishable, the determination of an inventory policy that optimizes a cost or performance criterion is often needed. Given an objective to optimize, inventory theory uses probability principles to develop models tha

Calculus

ce of lecturing continuously for 50 to 75 minutes is not a very effective method for teaching. Students should somehow engage in the subject m- ter during the teaching session. One effective method for active l978-3-642-42634-6978-3-642-05158-6

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Book 2010Latest editione active learning in the classroom. In other words, we believe that the traditional practice of lecturing continuously for 50 to 75 minutes is not a very effective method for teaching. Students should somehow engage in the subject m- ter during the teaching session. One effective method for active l

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Basic Probability Review,iscussing the modeling of the various manufacturing and production systems, it is important to review the fundamental concepts of basic probability. This material is not intended to teach probability theory, but it is used for review and to establish a common ground for the notation and definitions

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Basic Statistical Review,e assumed existence of an underlying probability space and knowledge is desired regarding the unknown probability law. Furthermore, estimates regarding the probability law are to be made on the basis of the outcome(s) of some random variable(s). This chapter is divided into several major topics. Eac

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