ECONOMIC RISKS FOR PROJECT MANAGEMENT – A MONTE CARLO SIMULATION APPROACH

ECONOMIC RISKS FOR PROJECT MANAGEMENT – A MONTE CARLO SIMULATION APPROACH

Monte Carlo simulation is an approach that includes several simulation techniques in which the analysis of the real phenomenon is replaced by the analysis of an artificial phenomenon, described by a model, by solving it generating for variables, random values. This paper examines the utilization o...

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Bibliographic Details
Main Author: Paul PAŞCU
Format: Article
Language:English
Published: Editura Univeristatii "Stefan cel Mare" din Suceava 2023-06-01
Series:USV Annals of Economics and Public Administration
Subjects:
management risk
economic uncertainty
monte carlo method
Online Access:http://annals.feaa.usv.ro/index.php/annals/article/view/1444/1137

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