Monte Carlo, an old gambling concept, could have a future in healthcare as an approach to data analytics that allows managers to crunch vast amounts of data in order to support fiscally prudent ...

Worst-case scenario simulations ensure manufacturing is prepared for all contingencies, but over-sizing or under-sizing may ensue. This results in larger than necessary filters and columns that may ...

In 2010 I helped a startup IPO by creating a custom Monte Carlo planning tool in C# that estimated the likelihood that their new small business product would ship on schedule. The output of this tool ...

This article provides a first theoretical analysis of a new Monte Carlo approach, the dynamic weighting algorithm, proposed recently by Wong and Liang. In dynamic weighting Monte Carlo, one augments ...

This paper presents a simple but effective and efficient approach to improve the accuracy and stability of the least-squares Monte Carlo method. The key idea is to construct an ansatz for the ...

This is a preview. Log in through your library . Journal Information The European Journal of Sociology publishes innovative, empirical and theoretical research articles from every field of sociology.

Monte Carlo simulations predict investment risks and returns using computer models. They enable investors to assess outcomes under various market conditions. Accessible tools like online calculators ...

Carlos Alcaraz is still just 21, but he’s already challenging some of the received wisdom about a champion’s mentality—how a great one approaches the game, deals with adversity and views rivals. The ...