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Monte Carlo Simulation €“ A Qualitative Method Analysis And Evaluation Of The Company'S Performance And Risks

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  • Ciprian Apostol

    ("Al.I. Cuza" University of Iasi)

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.

Suggested Citation

  • Ciprian Apostol, 2009. "Monte Carlo Simulation €“ A Qualitative Method Analysis And Evaluation Of The Company'S Performance And Risks," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 5(05(534)(s), pages 227-231, May.
    • Handle: RePEc:agr:journl:v:05(534)(supplement):y:2009:i:05(534)(supplement):p:227-231
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