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Monte Carlo method
(redirected from Monte Carlo simulations)

    Also found in: Medical, Financial, Encyclopedia, Wikipedia 0.01 sec.
Monte Carlo method
n
(Mathematics & Measurements / Statistics) a heuristic mathematical technique for evaluation or estimation of intractable problems by probabilistic simulation and sampling
[named after the casino at Monte Carlo, where systems for winning at roulette, etc., are often tried]
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We will not utilize Monte Carlo simulations in our cost analysis.
Gas prices: estimating tanker cost is no modeling job by National Defense
After the introduction, they cover polymer dynamics in melts, self-consistent field theory and its applications, and a comparison of that theory with Monte Carlo simulations.
Soft Matter, vol. 1: Polymer Melts and Mixtures by SciTech Book News
Just as the 5 percent of electric shocks occurred 100 percent of the time when the electrician was standing in water, so too could the 5 percent investor shock occur with a much higher probability than Monte Carlo simulations suggest.
Monte Carlo Simulation: are your client's boots in the water? (2003 ... by Shambo, James / California CPA
 
 
 
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