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Question

A type of simulation method using random numbers to determine the evolution of a system is?

A
Model dispersion
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B
Monte carlo
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C
Monadic
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D
Padding
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E
None of the above
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Solution

The correct option is B Monte carlo

A type of simulation method using random numbers to determine the evolution of a system is Monte carlo

Monte Carlo simulation is a computerized mathematical technique that allows people to account for risk in quantitative analysis and decision making. ... The technique was first used by scientists working on the atom bomb; it was named for Monte Carlo, the Monaco resort town renowned for its casinos.

Credit for inventing the Monte Carlo method often goes to Stanislaw Ulam, a Polish born mathematician who worked for John von Neumann on the United States Manhattan Project during World War II. Ulam is primarily known for designing the hydrogen bomb with Edward Teller in 1951.


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