Monte Carlo Methods

Posted in Operations and Supply Chain Terms, Total Reads: 1176
Advertisements

Definition: Monte Carlo Methods

Monte Carlo methods are arithmetic techniques used for computing outcomes of uncertain events. Monte Carlo methods are often used in computer simulations of physical and mathematical systems.

Though widely used in Finance, the technique can be equally good for other areas.

 

Browse the definition and meaning of more terms similar to Monte Carlo Methods. The Management Dictionary covers over 7000 business concepts from 6 categories.

Search & Explore : Management Dictionary



Share this Page on: