Monte Carlo method


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Monte Carlo method

n.
A computer-simulation technique that uses random samples and other statistical methods to find approximate solutions to mathematical or physical problems.

[After Monte Carlo.]

Monte Carlo method

n
(Statistics) a heuristic mathematical technique for evaluation or estimation of intractable problems by probabilistic simulation and sampling
[C20: named after the casino at Monte Carlo, where systems for winning at roulette, etc, are often tried]
References in periodicals archive ?
He covers mathematics of coin tossing, random number, limit theorem, and Monte Carlo method.
The subject of the contract is the delivery of a high-performance computer cluster with GPU accelerator designed for N-particle simulations in cosmology, solution of non-linear partial differential equations on the grid and estimation of parameters by Monte Carlo method using the Markov chain.
Given the experience of the first financial period of the EU funds to Romania (2007-2013), as a country which has concluded an accession process, followed by one of having access to the European funds, and also from a start with a gap relatively similar in the second budget period (2014-2020), we can make assumptions and scenarios as to some developments, either stable or unstable, optimistic or pessimistic, by making use of the Monte Carlo method, and thus shaping a complex simulation of the level of EU funding that can be accessed by the national economy in the future.
Three approaches were used in this paper to estimate the interference of LTE base stations operating in 738 MHz-100 788 MHz (downlink) and 738 MHz-758 MHz (supplemental downlink) to ARNS operating in 694 MHz-790 MHz, namely Minimum Coupling Loss (MCL), Monte Carlo method simulation, and predetermined aggregate trigger field strength values for protection of ARNS.
When the probability is relatively small, the number of samples required by the Monte Carlo method in order to adequately make predictions increases significantly, making the analysis difficult.
The Monte Carlo method is one of the most versatile and widely used numerical methods to deal with randomness.
Monte Carlo method and its application in calculating electron transfer properties in mesoporous layers, Dr.
The established quantum method for describing molecular dynamics uses a stochastic approach where a random displacement of molecules is made and the sequence formed by that becomes the statistical sample: "This is the famous Monte Carlo method and it has proved very useful in different areas," Sokhan says.
In terms of accuracy, the standard deviation of estimates obtained through the Monte Carlo method (MC) and bootstrap (BMIC) was computed, following expressions (7) and (8).
To verify the accuracy of the GUM method, the Monte Carlo Method (MCM) [11] as illustrated in Figure 3 has been used for propagating the uncertainties of the influencing quantities ([K.
The Monte Carlo method is a powerful tool in many fields of mathematics, physics and engineering, and recently decision makings in real estate studies (Lima Jr.
The use of the Monte Carlo method in the process of risk and uncertainty determination as well as the impact of probability distribution on the analyzed results including the assessment of financial efficiency of the project contributes to a higher quality and more certain evaluation, ranking and selection of the optimal investment opportunity.
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