Stochastic computing is one of logic’s little gems. Its advantage is essentially that it makes multiplication as easy as addition. That’s significant. Imagine adding 0.4397625 and 0.8723489. It’s a ...

Stochastic techniques for estimating uncertainty intervals for demographic forecasts are still not widely used by statistical institutes. One reason for this may be the complexity of the Monte Carlo ...

This paper describes some aspects of cost effectiveness methodology and operational research as they have been applied in a system design study for a military communications system. There are two main ...

Citations: Blattberg, Robert, Subrata Sen. 1975. A Bayesian Technique to Discriminate Between Stochastic Models of Brand Choice. Management Science. (6)682-696.

Many production problems involve facility setups that lead to integer variables, production decisions that are continuous, and demands that are likely to be random. While these problems can be quite ...