IE 515 Markov Chain Modeling Research Paper
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages
IE 515 Markov Chain Modeling Research Paper
IE 515, Markov, Chain, Modeling, Research, Paper
IE 515 Course Semester Project 2 Guideline
The goal of this project is to give you an opportunity to explore real-world applications of stochastic processes. Each student or a team may select one of the following two types of projects. Option A: Application Project (Teams of three students are allowed. Fine to do by yourself or with a partner.
More depth will be expected of a three-student project) You need to describe the problem considered for your project and propose a model and/or solution approach(es) for solving the problem using Markov chain modeling and/or Markov decision processes. Ideally, the project could be based on an industrial application. If you do not have an industrial project, you may want to select a problem from a published journal.
- Industrial application project: the emphasis should be given on the problem statement and a Markov decision model developed, as those might be relatively difficult to accomplish. Also, make an attempt to find the optimal policy, and use visualization tools to demonstrate the results.
- Selected problem from a published journal: you are expected to present the formulation of the problem as a Markov decision process and a solution procedure for finding an optimal stationary policy. Also, make an attempt to consider alternatives while proposing design solutions, show the benefits and pitfalls of each alternative, and use visualization tools to demonstrate the results.
Option B: Research Paper (This option is the alternative, but it is not recommended unless you are unable to do Option A. Teaming is not allowed and the maximum possible credit you can get with this option is 9 of 10) You may choose a specific topic in the area of stochastic process and explore it in greater detail.
This type of project should be based on at least five journal articles to survey the existing literature, identify a problem (or a gap) to be researched, present existing methods for solving the problem, and in some cases develop an improved solution approach (e.g., an algorithm). (Of course, improvements to the existing algorithms will be an asset!)
A review paper is a good example of this type of project. A list of journals you may want to consider for your project includes Interfaces, Expert Systems with Applications, Computers & Industrial Engineering, International Journal of Industrial Engineering, IIE Transactions, Journal of Manufacturing Systems, International Journal of Production Research, Journal of Intelligent Manufacturing, Computers & Operations Research, European Journal of Operational Research, etc.
However, conference proceedings, magazines, and technical reports are not recommended as source materials. Note that NMSU library database would be a good place to search these resources for your reference. You may be required to register to request journal articles through NMSU Interlibrary loan at https://illiad.nmsu.edu/logon.html. Requesting a journal article through NMSU library For example, Interfaces are freely accessible if you follow the steps below:
(1) Go to http://lib.nmsu.edu/index.html
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(2) Choose Search & Find
(3) Type “interfaces” in the search box and press Search button
(4) Optionally, sign in using your NMSU username and password (5) Choose “Interfaces (Providence, R.I.)”
(6) Choose “Interfaces (Providence, R.I.: Online)”
(7) Choose “EBSCOhost Applied Science & technology Source” or other options,
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(8) Click on Search within this publication.
(9) Search for articles. For example, type “Markov decision process”, choose “TI Title” from pull-down menu, and then press Search button (see below)
Note: According to my past experience, some students couldn’t get the pdf file of the article since they didn’t choose the publication year and month correctly.
For example, if you selected “Gale Cengage Academic OneFile” in Step #7, choose the article which is published between 1999 and 5 years ago. However, if “EBSCOhost Applied Science & Technology Source” is selected in Step #7, you have to choose the article published from 1970 to 5 years ago.
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SEMESTER PROJECT REPORT FORMAT The project report should be prepared on a word processor and should contain figures and tables that are necessary to make the report easy to read. Be concise in your writing and consult technical writing references as needed. Your report will be formatted with the following traits:
- The title page should include the title of the project, student name, course title, and the date. The title page should be followed by an abstract (about 100 words). Include also a table of contents, a list of figures, and a list of tables.
- All references must be included at the end of the paper, followed by appendices, if any.
- There is no page limit but the project report should be at least 10 pages long (excluding
title page, table of contents, appendix, references), and single-spaced throughout.
- Use a standard font (Times New Roman 12).
- Use 1 inch margins for top, bottom, left, and right.
- Use proper punctuation, spelling, and grammar.
- All pages (with the exception of the title page) should be numbered.
The main body of the semester project report should include the sections outlined as follows:
Option A: Application Project 1. Introduction (including project goals) 2. Statement of the problem 3. Markov chain and/or Markov decision model formulation 4. Results and discussion 5. Conclusions and future research 6. References 7. Appendix Note that the results has to be essential for discussion, and thus, provides an evidence to reinforce your conclusion later.
In the discussion section, you need to respond to what the results mean. You have to be careful since, if the discussion is not sufficient, you cannot objectively demonstrate the significance of your research work. A large number of the submitted articles are rejected because of weak discussion.
Thus, I would say that this section is one of the most important section. While writing the discussion section, think about how the results are related to the original question or goals (and/or objectives) outlined in the Introduction. Are your results consistent with what other investigators have reported?
Discuss any weaknesses and discrepancies. You may want to think about if there is another way to interpret your results, too. Also, think about what further research would be necessary to answer the questions raised by your results. After that, you will be able to write a clear conclusion.
Without the clear conclusion, readers will find it difficult to judge your research work. In the conclusion, instead of just repeating or listing the results, you have to provide a clear scientific justification for your research, and suggest future research works, as well. You might want to present global and specific conclusions, which are related to the objectives included in the Introduction
Option B: Research Paper 1. Introduction (including project goals and some research issues)
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- Literature review 3. Statement of the problem 4. Existing models and solution approaches (Option) 5. Proposed model and/or solution approach (Option) 6. Examples (Option) 7. Conclusions and future research 8. References 9. Appendix
While writing the report, you have to think about the following questions: What is the goal of the project and why is it important? What research has been done? How was it presented in the written report? (Describe the mathematical model, in terms that your classmate could understand)
Did the results support the main idea of the project? Was the argument convincing, or did more work need to be done? Think about what some aspects of the real world behavior that the model describes are and in what ways the model is unrealistic or realistic, what assumptions the authors made, and so on.
Who is the intended audience and how could the results of your project be used for them?
PROJECT REQUIREMENTS Project written report submission (10 points) Each team should submit the following items (one per project):
- A MS word file with project report and software developed (when applicable) (5 points)
- A set of pdf files with references used (5 points)
Compress all files with Winzip if possible, and submit it through the class Canvas system. Do not email me the electronic files of your project report. PROJECT DUE DATES Project written report is due on Sunday, May 10 (5pm US Mountain time) IMPORTANT NOTES
- The project 2 score will contribute 50% to your final grade.
- Your project report has to be submitted on time. Late submission will be penalized with
10% of the total points available for each day late.
- The following item will be considered while scoring written report:
o Organization (information is presented in a logical, interesting way, which is easy to follow. Also, points are logically ordered)
o Quality of information (supporting details specific to subject, clarity of writing) o Literacy (virtually no grammatical or syntactical errors). This is a threshold
category, and you can be marked down significantly if your report does not meet a minimum standard.
o Length of report For each category, students will obtain 0 point (unacceptable), 1.5 points (acceptable), 2 points (satisfactory), or 2.5 points (Exemplary).
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Also, keep in mind the following:
- For the application project (i.e., Option A), more depth will be expected for a three-student
- For the research paper (i.e., Option B), teaming is not allowed and the maximum possible credit
you can get with this option is 9 of 10.
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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IE 515 Markov Chain Modeling Research Paper
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