Stochastic Processes and Simulation 7.5 credits

About the course

Moment 1 (4.0 hp): Theory. Moment covers the basic theory of stochastic processes theory of stochastic simulation (Monte Carlo methods). The course covers the generation of random numbers from diﬀerent continuous and discrete distributions and integral estimation including error estimation. Further, theory and methods for simulating random walks, Brownian motion, Poisson processes and Markov chains are introduced together with their real life applications.

Moment 2 (3.5 hp): Computer labs. Application of the introduced computer intensive methods using suitable programming language. Additionally the simulation of queuing and production lines and inventory systems based on the discrete events approach is introduced.

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Autumn 2026
- Stochastic Processes and Simulation
  
  Second admissions round for EU/EEA citizens
  
  HT26 / Umeå / English / On site
  
  Application opens 16 March 2026
  
  Save education at universityadmissions.se
  
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  Starts
  2 November 2026
  
  Ends
  17 January 2027
  
  Number of credits
  7.5 credits
  
  Type of studies
  On site
  
  Study pace
  50%
  
  Teaching hours
  Daytime
  
  Study location
  Umeå
  
  Language
  English
  
  Application code
  UMU-5800O
  
  Eligibility
  
  The course requires 15 ECTS mathematics, 6 ECTS mathematical statistics and 7.5 ECTS computer programming, or equivalent.
  
  Selection
  
  Guaranteed place
  
  Application
  The online application opens 16 March 2026 at 09:00 CET. Application deadline is 15 April 2026. Please note: This second application round is intended only for EU/EEA/Swiss citizens.
  
  Application and tuition fees
  As a citizen of a country outside the European Union (EU), the European Economic Area (EEA) or Switzerland, you are required to pay application and tuition fees for studies at Umeå University.
  
  Application fee: SEK 900
  
  Tuition fee, first instalment: SEK 19,038
  
  Total fee: SEK 19,038
  
  Details about tuition, fees and funding

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