Nevşehir Hacı Bektaş Veli University Course Catalogue

Information Of Programmes

INSTITUTE OF SOCIAL SCIENCES / İŞLD654 - BUSINESS MANAGEMENT (PHD)

Code: İŞLD654 Course Title: STOCHASTIC PROCESSES AND MODELS Theoretical+Practice: 3+0 ECTS: 6
Year/Semester of Study 1 / Spring Semester
Level of Course 3rd Cycle Degree Programme
Type of Course Optional
Department BUSINESS MANAGEMENT (PHD)
Pre-requisities and Co-requisites None
Mode of Delivery Face to Face
Teaching Period 14 Weeks
Name of Lecturer NURİ ÖZGÜR DOĞAN (nodogan@nevsehir.edu.tr)
Name of Lecturer(s)
Language of Instruction Turkish
Work Placement(s) None
Objectives of the Course
The objective of this course that can be seen as the advanced form of Operations Research, Statistics and Mathematical Analysis; is to provide the students with the stochastic processes and models.

Learning Outcomes PO MME
The students who succeeded in this course:
LO-1 Be able to explain the events that have randomness. PO-1 The candidate can understand, analyze and interpret the basic concepts and functions of Business Science in expertise level, and can apply this ability in one or more fields such as Management and Organization, Marketing, Production Management, Quantitative Methods, Accounting and Finance in expertise level.
PO-2 The candidate will learn the different perspectives about numerous theories, models and paradigms that have developed in business fields such as management and organization, organizational behavior, marketing, finance, accounting, human resources, production management, quantitative methods, and the candidate can gain knowledge and skills to evaluate, interpret and criticize scientific studies and researches,which are presented in various scientific meetings, in these fields.
Examination
Term Paper
LO-2 Be able to explain the basic concepts concerning stochastic processes and models. PO-1 The candidate can understand, analyze and interpret the basic concepts and functions of Business Science in expertise level, and can apply this ability in one or more fields such as Management and Organization, Marketing, Production Management, Quantitative Methods, Accounting and Finance in expertise level.
PO-2 The candidate will learn the different perspectives about numerous theories, models and paradigms that have developed in business fields such as management and organization, organizational behavior, marketing, finance, accounting, human resources, production management, quantitative methods, and the candidate can gain knowledge and skills to evaluate, interpret and criticize scientific studies and researches,which are presented in various scientific meetings, in these fields.
Examination
Term Paper
LO-3 Be able to use the stochastic models. PO-1 The candidate can understand, analyze and interpret the basic concepts and functions of Business Science in expertise level, and can apply this ability in one or more fields such as Management and Organization, Marketing, Production Management, Quantitative Methods, Accounting and Finance in expertise level.
PO-2 The candidate will learn the different perspectives about numerous theories, models and paradigms that have developed in business fields such as management and organization, organizational behavior, marketing, finance, accounting, human resources, production management, quantitative methods, and the candidate can gain knowledge and skills to evaluate, interpret and criticize scientific studies and researches,which are presented in various scientific meetings, in these fields.
Examination
Term Paper
LO-4 Be able to explain the basic concepts concerning Markov Chains. PO-1 The candidate can understand, analyze and interpret the basic concepts and functions of Business Science in expertise level, and can apply this ability in one or more fields such as Management and Organization, Marketing, Production Management, Quantitative Methods, Accounting and Finance in expertise level.
PO-2 The candidate will learn the different perspectives about numerous theories, models and paradigms that have developed in business fields such as management and organization, organizational behavior, marketing, finance, accounting, human resources, production management, quantitative methods, and the candidate can gain knowledge and skills to evaluate, interpret and criticize scientific studies and researches,which are presented in various scientific meetings, in these fields.
Examination
Term Paper
LO-5 Be able to explain the basic concepts concerning Queueing Theory. PO-1 The candidate can understand, analyze and interpret the basic concepts and functions of Business Science in expertise level, and can apply this ability in one or more fields such as Management and Organization, Marketing, Production Management, Quantitative Methods, Accounting and Finance in expertise level.
PO-2 The candidate will learn the different perspectives about numerous theories, models and paradigms that have developed in business fields such as management and organization, organizational behavior, marketing, finance, accounting, human resources, production management, quantitative methods, and the candidate can gain knowledge and skills to evaluate, interpret and criticize scientific studies and researches,which are presented in various scientific meetings, in these fields.
Examination
Term Paper
LO-6 Be able to explain the basic concepts concerning Simulation. PO-1 The candidate can understand, analyze and interpret the basic concepts and functions of Business Science in expertise level, and can apply this ability in one or more fields such as Management and Organization, Marketing, Production Management, Quantitative Methods, Accounting and Finance in expertise level.
PO-2 The candidate will learn the different perspectives about numerous theories, models and paradigms that have developed in business fields such as management and organization, organizational behavior, marketing, finance, accounting, human resources, production management, quantitative methods, and the candidate can gain knowledge and skills to evaluate, interpret and criticize scientific studies and researches,which are presented in various scientific meetings, in these fields.
Examination
Term Paper
PO: Programme Outcomes
MME:Method of measurement & Evaluation

Course Contents
In the context of this course basics of probability such as sample space, events, conditional probability, independent events, discrete and continuous random variables, expected value, stochastic models, Markov chains, Markov processes, Queueing models, stochastic processes in reliability theory, simulation and time series analysis will be discussed.
Weekly Course Content
Week Subject Learning Activities and Teaching Methods
1 Introduction Lecturing
2 Basics of Probability Lecturing
3 Discrete and Continuous Random Variables Lecturing
4 Stochastic Models Lecturing
5 Stochastic Models Lecturing
6 Markov Chains Lecturing
7 Markov Chains: Chapman-Kolmogorov Equations Lecturing and Problem Solving Method
8 mid-term exam
9 Classification of States of a Markov Chain Lecturing and Problem Solving Method
10 Queueing Theory: Basic Structure of Queueing Models Lecturing
11 Queueing Theory: The Birth and Death Process Lecturing
12 Queueing Theory: Applications Lecturing and Problem Solving Method
13 Simulation Lecturing
14 Simulation Lecturing
15 Evaluating the Projects Project Presentation
16 final exam
Recommend Course Book / Supplementary Book/Reading
1 Bazaraa, Mokhtar S.; Nonlinear Programming: Theory and Algorithms, 1. Baskı, John Wiley and Sons, New York, 1979.
2 Brucker, Peter; Scheduling Algorithms, 5th edition, Springer, 2007.
Required Course instruments and materials
1. Hillier, F. S., G. J. Lieberman; Introduction to Mathematical Programming, McGraw Hill, New York, 1995. 2. Taha, Hamdy A.; Yoneylem Arastirmasi, (Ceviri: S.A. Baray; S. Esnaf), 6. Baski, Literatur Yayincilik, Istanbul, 2000. 3. Pinedo, Michael L; Scheduling, 3rd edition, Springer, 2008. 4. Hillier, F. S., G. J. Lieberman; Introduction to Operations Research, 7th edition, McGraw Hill, 2001. 5. Ross, S.; Stochastic Processes, 2nd edition, Wiley , New York, 1995.

Assessment Methods
Type of Assessment Week Hours Weight(%)
mid-term exam 8 2 30
Other assessment methods
1.Oral Examination
2.Quiz
3.Laboratory exam
4.Presentation
5.Report
6.Workshop
7.Performance Project
8.Term Paper 15 1 10
9.Project
final exam 16 2 60

Student Work Load
Type of Work Weekly Hours Number of Weeks Work Load
Weekly Course Hours (Theoretical+Practice) 3 14 42
Outside Class
       a) Reading 5 14 70
       b) Search in internet/Library 2 14 28
       c) Performance Project 0
       d) Prepare a workshop/Presentation/Report 0
       e) Term paper/Project 1 14 14
Oral Examination 0
Quiz 0
Laboratory exam 0
Own study for mid-term exam 2 7 14
mid-term exam 2 1 2
Own study for final exam 3 7 21
final exam 2 1 2
0
0
Total work load; 193