2013–2014 UNIVERSITY CATALOG - Florida Institute of Technology

OCN 5899 FINAL SEMESTER THESIS (0-2 credits). Variable registration
for thesis completion after satisfaction of minimum registration requirements.
(Requirements: Accepted petition to graduate and approval by Office of Graduate
Programs.)
OCN 5901 SPECIAL TOPICS IN OCEANOGRAPHY (1 credit). Special topics not
covered in the regular curriculum. Offered on occasion to specific student groups.
(Requirement: Instructor approval.)
OCN 5902 SPECIAL TOPICS IN OCEANOGRAPHY (2 credits). Special topics
not covered in the regular curriculum. Offered on occasion to specific student
groups. (Requirement: Instructor approval.)
OCN 5903 SPECIAL TOPICS IN OCEANOGRAPHY (3 credits). Special topics
not covered in the regular curriculum. Offered on occasion to specific student
groups. (Requirement: Instructor approval.)
OCN 5990 OCEANOGRAPHY SEMINAR (0 credits). Presents research and review
of areas of interest by staff, students and invited speakers in the field of oceanography.
(Requirement: Graduate standing in oceanography.)
OCN 5996 INTERNSHIP (0-3 credits). Application of coastal zone management
principles to involve the student in actual experience with planning or other related
agencies. Includes on-campus preparation, off-campus work experience and a final
on-campus debriefing. (Requirement: Graduate standing in oceanography.)
OCN 5999 THESIS RESEARCH (3-6 credits). Individual work under the direction
of a member of the graduate faculty on a selected topic in the field of oceanography.
OCN 6899 FINAL SEMESTER DISSERTATION (0-2 credits). Variable registration
for dissertation completion after satisfaction of minimum registration requirements.
(Requirements: Accepted candidacy and approval by Office of Graduate Programs.)
OCN 6993 RESEARCH IN OCEANOGRAPHY (1-3 credits). Research under the
guidance of a member of the graduate faculty. Repeatable as required.
OCN 6999 DISSERTATION RESEARCH (3-12 credits). Individual work under
the direction of a member of the graduate faculty on a selected topic in the field
of oceanography.
OPERATIONS RESEARCH
ORP 5001 DETERMINISTIC OPERATIONS RESEARCH MODELS (3 credits).
An applied treatment of modeling, analysis and solution of deterministic operations
research problems. Includes model formulation, linear programming, network flow
and transportation problems and algorithms, integer programming and dynamic
programming. (Requirement: At least one upper-level undergraduate math course.)
ORP 5002 STOCHASTIC OPERATIONS RESEARCH MODELS (3 credits). An
applied treatment of modeling, analysis and solution of probabilistic operations
research problems. Topics chosen from decision analysis, game theory, inventory
models, Markov chains, queuing theory, simulation, forecasting models.
(Requirement: At least one upper-level undergraduate math course, preferably
probability and statistics.)
ORP 5003 OPERATIONS RESEARCH PRACTICE (3 credits). Includes OR methodology,
how an OR analyst interacts with clients, and preparation and presentation
of oral reports. Students form teams to analyze real cases where each student
gets an opportunity to be a team leader and present oral reports. Prerequisites:
ORP 5001, ORP 5002.
ORP 5010 MATHEMATICAL PROGRAMMING (3 credits). Surveys popular
optimization techniques. Topics chosen from linear, integer, nonlinear, dynamic
and network flow programming; combinatorial graph algorithms. (Requirement:
Prerequisite course or instructor approval.) Prerequisites: MTH 5102 or ORP 5001.
ORP 5011 DISCRETE OPTIMIZATION (3 credits). Studies combinatorial optimization
and integer programming. Prerequisites: MTH 5051, ORP 5001.
ORP 5020 THEORY OF STOCHASTIC PROCESSES (3 credits). Introduces
stochastic models, discrete- and continuous-time stochastic processes, point and
counting processes, Poisson counting process, compound Poisson processes, nonstationary
Poisson processes, renewal theory, regenerative processes and Markov
chains. (Requirement: Instructor approval or prerequisite course.) Prerequisites:
MTH 5411.
ORP 5021 QUEUING THEORY (3 credits). Includes queuing processes; imbedded
and continuous time parameter processes; Markov, semi-Markov and semiregenerative
processes; single-server and multiserver queues; processes of servicing
unreliable machines and computer applications; and controlled stochastic models.
(Requirement: Instructor approval or prerequisite course.) Prerequisites: MTH 5411.
ORP 5025 STOCHASTIC ANALYSIS OF FINANCIAL MARKETS 1 (3 credits).
Lays the foundation for mathematical concepts widely applied in financial markets.
Uses economic theory with stochastics (martingales, Wiener, Markov, Ito processes,
stochastic differential equations) to derive fair option prices and hedge call
options. Also uses fluctuation theory to predict stocks’ crossing of critical levels.
Prerequisites: MTH 5411 or MTH 5425.
ORP 5026 STOCHASTIC ANALYSIS OF FINANCIAL MARKETS 2 (3 credits).
Offers multidimensional stochastics applied to financial markets. Continues with
multivariate Ito processes and multidimensional Feynman-Kac theorems, hedging
of American and exotic call options and forward exchange rates. Introduces timesensitive
analysis of stocks, and risk theory. Prerequisites: MTH 5435 or ORP 5025.
ORP 5030 DECISION ANALYSIS (3 credits). Covers normative models of decisions
under certainty, risk and uncertainty; assessment of subjective probability
and utility functions; Bayesian decision analysis and the value of information;
influence diagrams; and descriptive aspects of decision making. (Requirement:
Undergraduate statistics course.)
ORP 5031 MULTIOBJECTIVE DECISION ANALYSIS (3 credits). Covers normative
models of decisions considering multiobjective and multiattribute models.
Includes multiattribute utility theory, the analytical hierarchy process, linear multiobjective
programming and goal programming. Prerequisites: ORP 5001, ORP 5030.
ORP 5040 QUALITY ASSURANCE (3 credits). Covers the principles and application
of statistical quality control and statistical process control. (Requirement:
Undergraduate statistics course.)
ORP 5041 RELIABILITY ANALYSIS (3 credits). Covers the principles of reliability
analysis and assessment; reliability probability models; combinatorial and
system reliability; and reliability estimation. (Requirement: Instructor approval or
prerequisite course.) Prerequisites: MTH 5411.
ORP 5042 RELIABILITY, AVAILABILITY AND MAINTAINABILITY (3 credits).
Discusses maintainability concepts relating to system effectiveness and supportsystem
design. Includes basic mathematical concepts, design concepts and data
analysis used in quantifying availability, maintainability and reliability as measures
of operational readiness and system effectiveness. Prerequisites: ORP 5041.
ORP 5050 DISCRETE SYSTEM SIMULATION (3 credits). Covers the principles
of building and using a discrete event simulation; construction and statistical testing
of random variate generators; statistical analysis and validation of results; design
of simulation projects; and variance reduction methods. (Requirement: Instructor
approval or prerequisite course.) Prerequisites: MTH 5411.
ORP 5051 APPLIED EXPERT SYSTEMS (3 credits). Covers the concepts and
methods of rule-based expert systems; methods of knowledge representation; and
use of an expert system shell to build a small expert system. Noncredit for CS majors.
ORP 5070 SEQUENCING AND SCHEDULING (3 credits). Bridges the gap
between scheduling theory and its application in manufacturing and service environments.
Emphasizes basic scheduling principles and uses selected readings and
case studies to illustrate the use of these concepts in industrial environments.
ORP 5090 SPECIAL TOPICS IN OPERATIONS RESEARCH 1 (3 credits).
Content variable depending on the fields of expertise of the faculty and the desire
and needs of the students.
ORP 5091 SPECIAL TOPICS IN OPERATIONS RESEARCH 2 (3 credits).
Content variable depending on the fields of expertise of the faculty and the desire
and needs of the students. Prerequisites: ORP 5090.
ORP 5899 FINAL SEMESTER THESIS (0-2 credits). Variable registration
for thesis completion after satisfaction of minimum registration requirements.
(Requirements: Accepted petition to graduate and approval by Office of Graduate
Programs.)
ORP 5999 THESIS RESEARCH (3-6 credits). Individual research under the
direction of a major advisor approved by the chair of the program. A maximum of
six credits may be credited toward the master’s degree.
ORP 6010 ADVANCED TOPICS IN MATHEMATICAL PROGRAMMING
(3 credits). Overviews selected topics in the theory of optimization. Unifies much
of the field by use of a few principles of linear vector space theory. The concepts of
distance, orthogonality and convexity play fundamental roles in this development.
Prerequisites: MTH 5101, MTH 5102, ORP 5010.
ORP 6030 ADVANCED TOPICS IN DECISION MODELS (3 credits). Discusses
current methods and research in decision analysis. May include large-scale multicriteria
decision analysis, behavioral analysis of decision making, methods of uncertainty
representation and decision making in the public domain. (Requirement:
Instructor approval or prerequisite course.) Prerequisites: ORP 5031.
2013–2014 Course Descriptions 285