A recent report, “Risky Business: The Economic Risks of Climate Change in the United States,” co-chaired by Michael R. Bloomberg, Henry Paulson and Tom Steyer, suggests that “by 2050 between $66 ...

I am looking to estimate the potential for failure in a complex system using Monte Carlo simulation. I am quite familiar with using MC for engineering simulations, but have never approached the ...

We offer the scientific, government, business, and policy communities a simulation tool to predict and monitor the effects of the changing dynamics of coronavirus disease 2019 select COVID-19) on the ...

Brief review of conditional probability and expectation followed by a study of Markov chains, both discrete and continuous time. Queuing theory, terminology, and single queue systems are studied with ...

Not all Spice versions perform Monte Carlo simulations. Even those that do may only have a small number of available distributions, much less custom ones. LTSpice, for example, has built-in random ...

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 ...

Monte Carlo variance reduction techniques have become indispensable in radiation transport simulations, where the challenge of obtaining statistically significant results in deep-penetration problems ...

The holy grail of Internet personal finance sites has been to create a retirement-planning calculator that’s almost as good as a face-to-face consultation with a financial planner. Now some sites ...

In order to obtain some information about the statistical nature of pure premium distributions in automobile liability insurance, such distributions were simulated by using a two-stage process to ...