{"id":27876,"date":"2015-02-03t16:42:32","date_gmt":"2015-02-03t21:42:32","guid":{"rendered":"\/\/www.deco-dalles.com\/?p=27876"},"modified":"2019-10-17t16:55:33","modified_gmt":"2019-10-17t20:55:33","slug":"monte-carlo-schedule-simulations-101","status":"publish","type":"post","link":"\/\/www.deco-dalles.com\/monte-carlo-schedule-simulations-101\/","title":{"rendered":"monte carlo 101: how monte carlo schedule simulations work"},"content":{"rendered":"
the term monte carlo simulation just has that aura and feel about it…… it sounds complex. but in reality it’s not as complex as we think. let’s see if we lay it out for you in straightforward terms.<\/p>\n
what is a monte carlo simulation?<\/h2>\n
a monte carlo simulation is simply a way to understand how inputs into a system might affect the outputs. let’s say you\u00a0have a box of coins that you pour out onto a table. once they all drop, you count tails and heads and come up with a ratio that you plot on a graph. then you do this same experiment 1000 times to see what the results and the graph look like. this process uses a monte carlo method.<\/p>\n
now, if you programmed a computer to\u00a0model this same process and you ran the model 1000 times or more, graphing the results, you would have a monte carlo simulation.<\/p>\n