Although some steelmakers have been slow to embrace some of the enterprise resource planning (ERP) software systems, others have had success with them. A mill in the United Kingdom recently employed a latest-generation risk-management system to plan and execute a...
Simulación Monte Carlo El análisis de riesgos es parte de cada decisión que tomamos. Recursos Método Monte Carlo Nos enfrentamos constantemente a la incertidumbre, la ambigüedad y la variabilidad. Y aunque tenemos un acceso a la información sin precedentes, no podemos...
CEO Message by Randy Heffernan Many who have been exposed to Monte Carlo simulation learned about it in the context of financial modeling such as asset management, cash flow analysis, or actuarial study. And that’s with good reason: The applications of Monte Carlo...
Modeling from empirical data takes observed information and attempts to replicate that information in a set of calculations. There are a number of relationships to account for when incorporating those data in a model. These relationships include dependencies and/or...
