Monte carlo simulation

1
Monte Carlo Simulation

• Monte Carlo Simulation is a mathematical
  technique that is computerized and executed with
  data in order to generate results.

2
Uses of Monte carlo
simulation

• This model is so widely used as it is the most
  reasonable method that is put to use when a
  particular model has factors that are not fixed,
  dynamic, or open to interpretation.

3
History of monte carlo
simulation

• The Monte Carlo Simulation model was first
  brought to light by the mathematician who worked
  on the Manhattan Project, Stanislaw Ulam. 

4
Usage of monte carlo
method