• SIMULATION AND MONTE CARLO METHODS

SIMULATION AND MONTE CARLO METHODS

  • Price $170.00
  • ISBN: 9781682502884
  • Availability: In Stock

Monte Carlo simulation is a computerized mathematical technique that allows people to account for risk in quantitative analysis and decision making. The technique is used by professionals in such widely disparate fields as finance, project management, energy, manufacturing, engineering, research and development, insurance, oil & gas, transportation, and the environment. Monte Carlo simulation furnishes the decision-maker with a range of possible outcomes and the probabilities they will occur for any choice of action. It shows the extreme possibilities—the outcomes of going for broke and for the most conservative decision—along with all possible consequences for middle-of-the-road decisions. The objective of this book is to introduce recent advances and applications of Monte Carlo Simulations in numerous fields.

Print ISBN: 9781682502884 | $ 170 | 2016 | Hardcover

Contributors: Antonio F. Galvao, Gabriel Montes-Rojas et al