stochastic

Examples of stochastic in the following topics:

• Optimization

  • Asset prices are also modeled using optimization theory, though the underlying mathematics relies on optimizing stochastic processes rather than on static optimization.
  • Operations research also uses stochastic modeling and simulation to support improved decision-making.
  • Increasingly, operations research uses stochastic programming to model dynamic decisions that adapt to events; such problems can be solved with large-scale optimization and stochastic optimization methods.

• Functions of Several Variables

  • Non-deterministic, or stochastic, systems can be studied using a different kind of mathematics, such as stochastic calculus.