Author(s)

Jieyu Zhang

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