This notebook performs a Monte Carlo simulation to evaluate and compare the total supply chain cost (holding and shortage) of sourcing from three suppliers. Using synthetic delivery time data from a ...

Monte Carlo tree search (MCTS) is a general approach to solving game problems, playing a central role in Google DeepMind's AlphaZero and its predecessor AlphaGo, which famously defeated the (human) ...

This paper is a conceptual paper that explores the applications of Monte Carlo simulation for managing project risks and uncertainties. The benefits of Monte Carlo simulation are using quantified data ...

A Monte Carlo simulation is proposed to represent the electromagnetic environment of mode stirred reverberation chambers. The proposed method is based on a plane wave model and allows us to simulate ...