Stochastic modeling is a set of quantitative techniques for analyzing practical systems with random factors. This area is highly technical and mainly developed by mathematicians. Most existing books are for those with extensive mathematical training; this book minimizes that need and makes the topics easily understandable.

This new edition textbook continues down the path that the first edition successfully carved out. The textbook targets engineering students and emphasizes the use of Operations Research models and solution methods important in the design, control, operation, and management of global supply chains.