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 ?
The Monte Carlo Method uses random numbers to determine the answer to problems.
Monte Carlo Method. For a measurement model that is very complex, forming partial derivatives or numerical approximations is very difficult.
In this article, an experimental study of extruded sheets showing the memory effect on crystallization is first presented followed by a numerical simulation based on the Monte Carlo method that compares predictions with and without the memory effect.
Wilkins said: "This work demonstrates both the superb contributions a single graduate student can make, and that the quantum Monte Carlo method can compute nearly every property of a mineral over a wide range of pressure and temperatures."
Nowadays the microscopic transport model based on the Monte Carlo method seems to be adequate for studying of electronic transports characteristic in bulk and semiconductor devices (Fischetti and Laux, 1991; Izuka, 1990).
The Monte Carlo method is just one of many methods for analyzing uncertainty propagation, where the goal is to determine how random variation, lack of knowledge, or error affects the sensitivity, performance, or reliability of the system that is being modeled.
In The Monte Carlo Method: Versatility Unbounded In A Dynamic Computing World, Chattanooga, 2005.
In this regard, the Monte Carlo method is only a tool that allows informed decision maker's to apply their insight and knowledge to estimate project risk.
Various industries have used the Monte Carlo method for decades.
Monte Carlo method permits one to estimate the shape of distribution of the function of the safety factor, permitting more accurate estimation of probability of liquefaction.
However, age composition in the bio-samples taken in the last year was bootstrapped, when the Monte Carlo method was used to estimate the variation in M.
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