Theory, Application, and Implementation of Monte Carlo Method in Science and Technology

The Monte Carlo method is a numerical technique to model the probability of all possible outcomes in a process that cannot easily be predicted due to the interference of random variables. It is a technique used to understand the impact of risk, uncertainty, and ambiguity in forecasting models. Howev...

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বিন্যাস: Online
ভাষা:ইংরেজি
প্রকাশিত: IntechOpen 2021
বিষয়গুলি:
অনলাইন ব্যবহার করুন:ONIX_20210420_9781789855463_2519
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collection Directory of Open Access Books
description The Monte Carlo method is a numerical technique to model the probability of all possible outcomes in a process that cannot easily be predicted due to the interference of random variables. It is a technique used to understand the impact of risk, uncertainty, and ambiguity in forecasting models. However, this technique is complicated by the amount of computer time required to achieve sufficient precision in the simulations and evaluate their accuracy. This book discusses the general principles of the Monte Carlo method with an emphasis on techniques to decrease simulation time and increase accuracy.
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institution Directory of Open Access Books
language eng
publishDate 2021
publishDateRange 2021
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publisherStr IntechOpen
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spelling doab-20.500.12854ir-671602024-04-14T10:28:11Z Theory, Application, and Implementation of Monte Carlo Method in Science and Technology Saidi Bidokhti, Pooneh Computer modelling & simulation thema EDItEUR::U Computing and Information Technology::UY Computer science::UYM Computer modelling and simulation The Monte Carlo method is a numerical technique to model the probability of all possible outcomes in a process that cannot easily be predicted due to the interference of random variables. It is a technique used to understand the impact of risk, uncertainty, and ambiguity in forecasting models. However, this technique is complicated by the amount of computer time required to achieve sufficient precision in the simulations and evaluate their accuracy. This book discusses the general principles of the Monte Carlo method with an emphasis on techniques to decrease simulation time and increase accuracy. 2021-04-20T16:04:59Z 2021-04-20T16:04:59Z 2019 book ONIX_20210420_9781789855463_2519 9781789855463 9781789855456 9781839681523 https://directory.doabooks.org/handle/20.500.12854/67160 eng image/jpeg n/a https://www.intechopen.com/books https://mts.intechopen.com/storage/books/8190/authors_book/authors_book.pdf IntechOpen IntechOpen 10.5772/intechopen.78141 10.5772/intechopen.78141 78a36484-2c0c-47cb-ad67-2b9f5cd4a8f6 9781789855463 9781789855456 9781839681523 IntechOpen 188 open access
spellingShingle Computer modelling & simulation
thema EDItEUR::U Computing and Information Technology::UY Computer science::UYM Computer modelling and simulation
Theory, Application, and Implementation of Monte Carlo Method in Science and Technology
title Theory, Application, and Implementation of Monte Carlo Method in Science and Technology
title_full Theory, Application, and Implementation of Monte Carlo Method in Science and Technology
title_fullStr Theory, Application, and Implementation of Monte Carlo Method in Science and Technology
title_full_unstemmed Theory, Application, and Implementation of Monte Carlo Method in Science and Technology
title_short Theory, Application, and Implementation of Monte Carlo Method in Science and Technology
title_sort theory application and implementation of monte carlo method in science and technology
topic Computer modelling & simulation
thema EDItEUR::U Computing and Information Technology::UY Computer science::UYM Computer modelling and simulation
topic_facet Computer modelling & simulation
thema EDItEUR::U Computing and Information Technology::UY Computer science::UYM Computer modelling and simulation
url ONIX_20210420_9781789855463_2519