This course introduces fundamental concepts of stochastic processes and their applications in a range of problems. It develops students' ability of applying the probability concept to various stochastic models and analyzing queueing situations from a probabilistic point of view.

30% Coursework 70% Examination (Duration: 3 hours, at the end of the semester) For a student to pass the course, at least 30% of the maximum mark for the examination must be obtained.