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Modeling Scenario
306
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228
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0
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1-027-StochasticProcesses-ModelingScenario
We build the infinite set of first order differential equations for modeling a stochastic process, the so-called birth and death equations. We will only need to use integrating factor solution strategy or DSolve in Mathematica for success.
Variance
Mean
stochastic
random
operations research
industrial engineering
Poisson process
traffic
Modeling Scenario
454
views
298
downloads
0
comments
1-006-Financing-ModelingScenario
We describe two situations, one in which we are saving for a purpose and one in which we are borrowing for a purpose. In the first case we ask for discrete and continuous model of the situation and in the second case we ask that the results of...
finance
savings
loan
interest rate
payment
Potential Scenario
178
views
52
downloads
0
comments
1997-Bonnie_Shulman-Using Original Sources to Teach the Logistic Equation
This Module uses original data, diagrams, and texts from three original sources to develop the logistic model of growth in natural systems with limited resources.
logistic
original source
Potential Scenario
163
views
73
downloads
0
comments
2014-Michael_Monagan-The Mortgage Payment Problem Approximating a Discrete Process with a Differential Equation
In this article and a subsequent article I will give two non-standard examples that I've found helpful. The one presented here is a first order linear system. Second order systems and non-linear systems.
compartment
heating
house
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