Monte Carlo simulation method

Lorenzo Cevallos-Torres, Miguel Botto-Tobar

    Research output: Chapter in Book/Report/Conference proceedingChapterAcademicpeer-review

    2 Citations (Scopus)

    Abstract

    The sequential use of random numbers, to sample the values of probability variables, allows obtaining solutions to mathematical problems such as the Monte Carlo method, that allows to model stochastic parameters or deterministic based on random sampling. To justify the use of this method is needed knowing concepts such as the weak law of large numbers and the central boundary theorem.

    Original languageEnglish
    Title of host publicationProblem-based learning: A didactic strategy in the teaching of system simulation
    EditorsLorenzo Cevallos-Torres, Miguel Botto-Tobar
    PublisherSpringer
    Chapter5
    Pages87-96
    Number of pages10
    ISBN (Electronic)978-3-030-13393-1
    ISBN (Print)978-3-030-13392-4
    DOIs
    Publication statusPublished - 1 Jan 2019

    Publication series

    NameStudies in Computational Intelligence
    Volume824
    ISSN (Print)1860-949X

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