MONTE CARLO SIMULATION – A QUALITATIVE METHOD ANALYSIS AND EVALUATION OF THE COMPANY'S PERFORMANCE AND RISKS

Ciprian Apostol
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Ciprian Apostol: "Al.I. Cuza" University of Iasi

Theoretical and Applied Economics, 2009, vol. 05(534)(supplement), issue 05(534)(supplement), 227-231

Abstract: Monte Carlo simulation is used with predilection when multidimensional problems are discussed (eg, the outcome depends on more variables or risk factors). The method was invented by American scientists in 1940 when it was used to simulate the trajectory of a neutron in uranium or plutonium. Monte Carlo method, the real is replaced by an artificial process. To obtain accurate results, it is essential that the random variables generated during the simulation experiments to faithfully reproduce the real random variable. Monte Carlo simulation is one of the best methods of risk analysis.

Keywords: performance; risk; , simulation; analysis; company. (search for similar items in EconPapers)
Date: 2009
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