This is the third in a series of meetings organized at UT Austin on related topics, alternating yearly in an emphasis on mathematics one year, and on network applications the next. The 2016 workshop will again be on the mathematics of stochastic processes and graphs, this time focusing on the studies of processes in, and on, large graphs. Our aim is to bring together a diverse set of eminent researchers from various communities in this broad subject, to give a global picture which will hopefully lead to interactions and cross-fertilization.