Random Numbers: The Backbone of Stochastic Simulations

Walter R. Paczkowski
Additional contact information
Walter R. Paczkowski: Data Analytics Corp.

Chapter Chapter 9 in Predictive and Simulation Analytics, 2023, pp 225-261 from Springer

Abstract: Abstract I outlined the general process of simulation design in Chap. 8 . One topic I did not address applies to stochastic simulations. This is the generation of random occurrences based on random numbers. Random numbers are what make simulations stochastic. In fact, “stochastic” means random. But what is a random number and how are they generated? These are the questions for this chapter.

Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-31887-0_9

Ordering information: This item can be ordered from
http://www.springer.com/9783031318870

DOI: 10.1007/978-3-031-31887-0_9

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().