2021
DOI: 10.3844/sgamrsp.2021.234.246
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Persian Curve Versus Monte Carlo Method

Abstract: The Monte Carlo Simulation method is a powerful tool for solving problems including random variables. The basic idea to implement a Monte Carlo simulation is to first generate samples of random inputs from their assumed distribution functions and then perform a deterministic calculation on the generated random inputs, based on mathematical modeling of the system, to obtain output results. An early version of Monte Carlo simulation is the famous needle experiment. The idea of random experiment, have been used f… Show more

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Cited by 3 publications
(1 citation statement)
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“…The gainful practice in measuring uncertainties is the application of the probability concept (Hu¨llermeier and Waegeman, 2021). In this regard, the implementation of Monte Carlo Simulation (MCS) in practical reliability analyses involves sampling, and therefore, the results obtained will entail sampling errors (Menz et al, 2021;Ranjbaran et al, 2021). These errors decrease with increasing sampling size, but increasing sample size to achieve higher precision generally connotes an increase in computer time to generate random numbers and for data processing (O ¨kten and Liu, 2021).…”
Section: Introductionmentioning
confidence: 99%
“…The gainful practice in measuring uncertainties is the application of the probability concept (Hu¨llermeier and Waegeman, 2021). In this regard, the implementation of Monte Carlo Simulation (MCS) in practical reliability analyses involves sampling, and therefore, the results obtained will entail sampling errors (Menz et al, 2021;Ranjbaran et al, 2021). These errors decrease with increasing sampling size, but increasing sample size to achieve higher precision generally connotes an increase in computer time to generate random numbers and for data processing (O ¨kten and Liu, 2021).…”
Section: Introductionmentioning
confidence: 99%