5
Is part of every decision w e make. We constant ly face the With uncertainty and ambiguity, and variability. In spite of the We have access to information is not unprecedented, we can not  Accurately predi ct the future . Monte Carlo simulat ion allow s you to See all the possible outcomes of your decisions and evaluate The impact of risk, allowing for better d ecision -making pr ocess within the framew ork of Uncertainty. What is Monte Carlo simulation? Monte Carlo simulati on is a computerized mat hematica l Techno logy that allow s people to calculate the r isk Quant itative ana lysis and decisio n making. This techni que is Used by specialists in these various areas throughout the Wide Financial, pro ject manageme nt, energy, manufacturing, Engineering, research and developm ent, insurance, oil and ga s, Transport and the environment. Monte Carlo simulation provides the decision maker with Range of possible outcomes and the possibilities and will Talk about w hich option to w ork .. It shows the extreme Broke the possibilities o f the results going to O lmazm Take the conservative side by side with all possible consequences for East of the road - decisions. Was the first to use the technology by scientists who are working on an atom Bomb; named for Monte Carlo, Monaco Resort Famous for its casinos. Since its introduction in World War Have used the second, Monte Carlo simulations to model group Variety of Physical and conceptual systems Other Part of each of our decisions. We constantly confronte d with With uncertain ty and ambigu ity, and variab ility. Despite of We have access to information i s not unpreced ented, we can not Ac curate ly predict the future. Monte Carlo simulation w ill can See all possible outcomes of your decisions and assess The incid ence of risk, allow ing decision-makin g process better under Uncertainty. What is the Monte Carlo? Monte Carlo is a mathematical computer model  A technolog y that allow s people to calculate the riskThe quant itative ana lysis and decision making. Thistechniq ue is Used by specialists in these areas thro ugh Wide Financial, project management, energy, manufacturing, Engin eeri ng, research and development, insuranc e, Oil and Gas Tran sport and the environment. Monte Carlo simulation provides the decision maker Range of possible outcomes and opportun ities and Discuss the option of wor king .. It shows the extremeBroke the potential outcomes will Olma zm Take the conservat ive side b y side w ith a ll possible conseq uences for East of the road - decisions.

Assignment Dst 2 Original

Embed Size (px)

Citation preview

Page 1: Assignment Dst 2 Original

8/7/2019 Assignment Dst 2 Original

http://slidepdf.com/reader/full/assignment-dst-2-original 1/5

Page 2: Assignment Dst 2 Original

8/7/2019 Assignment Dst 2 Original

http://slidepdf.com/reader/full/assignment-dst-2-original 2/5

Page 3: Assignment Dst 2 Original

8/7/2019 Assignment Dst 2 Original

http://slidepdf.com/reader/full/assignment-dst-2-original 3/5

Page 4: Assignment Dst 2 Original

8/7/2019 Assignment Dst 2 Original

http://slidepdf.com/reader/full/assignment-dst-2-original 4/5

Page 5: Assignment Dst 2 Original

8/7/2019 Assignment Dst 2 Original

http://slidepdf.com/reader/full/assignment-dst-2-original 5/5