stochastic modeling

  1. kiton

    Deterministic to stochastic modeling

    Hello dear forum members, I am seeking your feedback on the question that I have limited knowledge about (i.e., stochastic modeling). Say, I am working with a variant of standard epidemiological compartment model -- SEIR (Susceptible --> Exposed --> Infected --> Recovered): In my analysis I...
  2. W

    Determine the risk (probability) of meeting forecasted demand

    Hi, I'm doing a project for a car company for my final year studying Industrial Engineering. The company forecast demand 4 months ahead but, according to history data, the company rarely meets the forecast demand. The Supply Chain Department asked me to develop a model that would, with...