The next financial crisis will resemble the last one, and it all boils down to a failure to simulate — even as banks strive ...

This study introduces a reliability assessment methodology for high grade steel large diameter natural gas pipelines, which systematically accounts for the correlations and nonlinear coupling effects ...

Abstract: High-impact low-probability (HILP) events can wreak havoc on electric power systems without appropriate preparedness. In this paper, the recent development of a tool, named Recovery ...

Monte Carlo simulations revealed how sector diversification and correlations impact long-term portfolio resilience. Click ...

Abstract: The chase for high yield designs can effectively reduce chip manufacturing costs, making yield optimization a crucial problem in the IC community. However, the timeconsuming Monte Carlo ...