Applications Research of Monte Carlo Simulation in Risk Assessment
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DOI: 10.23977/icmmct.2019.62113
Corresponding Author
Jieyu Zhang
ABSTRACT
The Monte Carlo method was proposed in the 1940s with the invention of electronic computers. Based on the theory of statistical sampling, it makes use of the random numbers, through sampling experiments or random simulations in order to obtain some numerical characteristics of statistics and use them as numerical solutions to be solved. This paper expounds the application steps and model improvement of Monte Carlo simulation method in risk assessment, and gives application examples to provide reference for relevant researchers.
KEYWORDS
Monte Carlo simulation, Risk assessment, Application examples
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