Monte Carlo method

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Monte Carlo method

a computer trial or study which uses random numbers in the simulation and analysis of complex relationships and events.
References in periodicals archive ?
The Monte-Carlo method (MCM), which is also known as the method of statistical trials [38], has been used in the past together with an integral equation formulation in the frequency domain [9] and with the FDTD method in the time domain [16, 17] for the analysis of electromagnetic scattering involving a random rough surface.
2006) and program of statistical modeling of hummocks' parameters by Monte-Carlo method.
Research interests: continuous optimization, stochastic approximation, data mining, monte-carlo method, optimal design.
Assuming that the portfolio is priced by the backward (American) Monte-Carlo method, our approach allows calculating the credit exposure as a pricing by-product, essentially without modifications in the usual pricing procedure.