ECONOMIC RISKS FOR PROJECT MANAGEMENT – A MONTE CARLO SIMULATION APPROACH

Paul Pascu ()
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Paul Pascu: “Ştefan cel Mare†University of Suceava, Romania

The USV Annals of Economics and Public Administration, 2023, vol. 23, issue 1(37), 128-133

Abstract: Monte Carlo simulation is a technique that includes several simulation techniques in which the analysis of the real phenomenon is replaced by the analysis of an artificial phenomenon, described by a model, by solving it generating for variables, random values. This paper explores the applications of Monte Carlo simulation for managing project risks.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:scm:usvaep:v:23:y:2023:i:1(37):p:128-133

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