Monte carlo simulation - PowerPoint PPT Presentation
Title:
Monte carlo simulation
Description:
The range of applications of the Monte Carlo Simulation model is huge. Starting from various disciplines, this model can be put to use to determine outcomes related to the geography of the world, weather department, advanced mathematics, and science research laboratories, for instance. – PowerPoint PPT presentation
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Title: 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
