Recent Advances in Stochastic Modeling and Its application

When we try to solve a real-world problem, due to the complexity and uncertainty nature of the problem, we first tend to describe it under a stochastic model, based on which we then try to find the solution. Therefore, how to model becomes an important and interesting area of either theoretical or practical research. This special issue of IJOR covers the recent advances in stochastic modeling and its application. The areas of interest include the modeling of logistics and service systems, the theory of queueing and inventory models, risk management and heath care.