IEEE - Institute of Electrical and Electronics Engineers, Inc. - The Application of Monte Carlo Simulation in Finance, Economics and Operations Management

2009 WRI World Congress on Computer Science and Information Engineering, CSIE

Author(s): Evans, G.E. ; Jones, B.
Publisher: IEEE - Institute of Electrical and Electronics Engineers, Inc.
Publication Date: 1 March 2009
Conference Location: Los Angeles, California USA, USA
Conference Date: 31 March 2009
Volume: 4
Page(s): 379 - 383
ISBN (Paper): 978-0-7695-3507-4
DOI: 10.1109/CSIE.2009.703
Regular:

Monte Carlo simulation replaces deterministic values in equations with probabilistic values. Multiple solutions are computed by randomly sampling each probability distribution and an array of... View More

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