Authorised by Academic Registrar, April 1996
Objectives On the completion of this subject students will be able to understand the idea of random variables varying with time; analyse Markov chains at an elementary level; analyse Markov processes in continuous time; study various processes such as Poisson process, birth process, birth and death process; apply the above mathematical processes to such practical situations as queues, epidemics, servicing machines, etc.
Synopsis This topic studies the evolution of chance phenomena in continuous time, including the Poisson process and other continuous-time Markov processes.
Assessment Examinations (1.5 hours): 90% + Tests and/or assignments: 10%