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

Pooneh Saidi Bidokhti

ISBN 10: 1789855454 / ISBN 13: 9781789855456

Published by Intechopen Dez 2019, 2019

About this Item

This item is printed on demand - it takes 3-4 days longer - Neuware -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. 188 pp. Englisch.

Seller Inventory # 9781789855456

Bibliographic Details

• Title: Theory, Application, and Implementation of Monte Carlo Method in Science and Technology
• Publisher: Intechopen Dez 2019
• Publication Date: 2019
• Language: English
• ISBN 10: 1789855454
• ISBN 13: 9781789855456
• Binding: Buch
• Condition: Neu
• Dimensions: 266W x 185H x 18D millimeters 266 millimeters width by 185 millimeters height by 18 millimeters depth
• Weight: 625 grams

About this title

Synopsis

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.