Kousha Etessami Edinburgh Polynomial-Time Algorithms for Multi-type Branching Processes and Stochastic Context-Free Grammars We show that one can approximate the least fixed point solution for a multivariate system of monotone probabilistic polynomial equations in time polynomial in both the encoding size of the system of equations and in $\log(1/\delta)$, where $\delta > 0$ is the desired additive error bound of the solution. (The model of computation is the standard Turing machine model.) We use this result to resolve several open problems regarding the computational complexity of computing key quantities associated with some classic and heavily studied stochastic processes, including multi-type branching processes and stochastic context-free grammars. (This talk describes joint work with Alistair Stewart (U. of Edinburgh) and Mihalis Yannakakis (Columbia U.), based on a paper that will appear at STOC 2012.)