The PhD program in Business Administration at DeGroote offers students the opportunity to study and conduct leading-edge research with some of the top researchers in their fields. Students develop the theoretical and methodological expertise required to create original research that makes a significant impact on the business community.

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Course Description

Stochastic Processes with Business Applications

  • Prerequisite: O711 or permission of the instructor

Stochastic processes and their applications in modelling the business environment. Emphasis is on understanding and applying the concepts in modelling, rather than on a strictly mathematical approach. Markov chains, Poisson processes, “birth” and “death” processes, queuing systems, elementary renewal theory, and diffusion processes are discussed. Individual student participation is also required in selecting, researching and presenting topics on stochastic process applications.

Course Offerings

Fall 2020

Code Section Outline
C01 Outline
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