The Monte Carlo simulation estimates the probability of different outcomes in a process that cannot easily be predicted because of the potential for random variables.

Here, we demonstrate the techno-economic feasibility of a FM RO system design using Monte Carlo simulation to estimate uncertainty and to explore how these uncertainties affect feasibility. For ...

In this paper the results of a Monte Carlo simulation of PERT networks are given. First the concept of using Monte Carlo methods to give solutions to PERT problems under less restrictive assumptions ...