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Difference between revisions of "Monte Carlo Simulation"

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==Definition==
 
==Definition==
Monte Carlo Simulation is a computerized mathematical technique that allows risk to be accounted for in quantitative analysis and decision making.
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Monte Carlo Simulation, sometimes referred to as the Monte Carlo method, is a computerized mathematical technique that allows risk to be accounted for in quantitative analysis and decision making.
  
 
==Discussion==
 
==Discussion==

Revision as of 13:58, 5 August 2017

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Monte Carlo Method

Definition

Monte Carlo Simulation, sometimes referred to as the Monte Carlo method, is a computerized mathematical technique that allows risk to be accounted for in quantitative analysis and decision making.

Discussion

[[Portal:Safety Management

[[Category:Enhancing Safety

[[Category:SM Methods and Tools