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Economic Risks For Project Management €“ A Monte Carlo Simulation Approach

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  • PAUL PASCU

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

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.

Suggested Citation

  • Paul Pascu, 2023. "Economic Risks For Project Management €“ A Monte Carlo Simulation Approach," The USV Annals of Economics and Public Administration, Stefan cel Mare University of Suceava, Romania, Faculty of Economics and Public Administration, vol. 23(1(37)), pages 128-133, June.
    • Handle: RePEc:scm:usvaep:v:23:y:2023:i:1(37):p:128-133
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