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

Released on by Pooneh Saidi Bidokhti
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  • Theory, Application, and Implementation of Monte Carlo Method in Science and Technology Book Detail

  • Author : Pooneh Saidi Bidokhti
  • Release Date : 2019-12-18
  • Publisher : BoD – Books on Demand
  • Genre : Computers
  • Pages : 189
  • ISBN 13 : 1789855454
  • File Size : 1,1 MB
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Theory, Application, and Implementation of Monte Carlo Method in Science and Technology by Pooneh Saidi Bidokhti PDF Summary

Book Description: 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.

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