Yekaterinburg, Russia

Mathematical Modeling of Stochastic Systems

Table of contents

Mathematical Modeling of Stochastic Systems at Ural Federal University

Language: English Studies in English
Subject area: mathematics and statistics
University website: urfu.ru/en/
4 years

Definitions and quotes

Stochastic
The word stochastic is an adjective in English that describes something that was randomly determined. The word first appeared in English to describe a mathematical object called a stochastic process, but now in mathematics the terms stochastic process and random process are considered interchangeable. The word, with its current definition meaning random, came from German, but it originally came from Greek στόχος (stokhos), meaning 'aim, guess'.
The transition to a low carbon economy by 2050 will involve irreversible step-changes in the cultural, economic and natural domains, with qualitatively different socio-economic configurations before and after. COMPLEX will develop new modelling tools for managing step-change dynamics by working across a wide range of spatio-temporal scales, and integrating the knowledge of many stakeholder communities, for example in respect of land-use change driven by carbon-related technologies.
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