How to apply the Monte Carlo simulation principles to a game of dice using Microsoft Excel. The Monte Carlo method is widely used and plays a key part in various fields such as finance, physics ...

Munich-based Thetaris has announced the laucnh of Theta Suite XL, a Microsoft Excel toolkit designed specifically for Monte Carlo simulation. The toolkit uses a proprietary coding language, ThetaML, ...

A Monte Carlo simulation helps investors by modeling potential investment outcomes using randomization and computer algorithms.

Journal of Financial Education, Vol. 40, No. 1/2 (SPRING/SUMMER 2014), pp. 94-114 (21 pages) There is a lack of coverage of an application of Monte Carlo simulation in capital budgeting in ...

VIDEO: Run Monte Carlo simulations in Excel with this simple workaround.

A web-based tool for calculating project estimates using a Monte Carlo simulation was recently made publicly available. It was created in the hopes that agile teams will use it to facilitate ...

Steven Minta, Marc Mangel, A Simple Population Estimate Based on Simulation for Capture-Recapture and Capture-Resight Data, Ecology, Vol. 70, No. 6 (Dec., 1989), pp. 1738-1751 ...