Four Canadian Contributions to Stochastic Modeling
INFOR, Vol. 46, No. 1, pp. 3–14, February 2008
University of Alberta School of Business Research Paper No. 2013-187
Posted: 28 Jun 2013
Date Written: February 1, 2007
Abstract
We outline the history, significance, and impact of four important contributions by Canadian researchers to stochastic modeling for operational research: the use of the uniformization method to compute transient probabilities for Markov chains, pioneered by Winfried K. Grassmann, contributions to Markov decision processes by Martin L. Puterman, contributions to the development of random number generators by Pierre L’Ecuyer, and contributions to queueing theory software by Armann Ingolfsson.
Keywords: Stochastic modeling, uniformization method, Markov decision processes, random number generation, queueing theory software
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