Abstract: A support vector machine surrogate model was developed to address the time-consuming issue of Monte Carlo simulation of aircraft engine components, and a Monte Carlo simulation method based ...

Creative Commons (CC): This is a Creative Commons license. Attribution (BY): Credit must be given to the creator. Article Views are the COUNTER-compliant sum of full text article downloads since ...

Planning for retirement is full of uncertainties. How long will you live? Will the markets behave? How will inflation affect your lifestyle? For many, these questions are overwhelming, and the stakes ...

Dave C. Swalm School of Chemical Engineering and Center for Advanced Vehicular Systems, Mississippi State University, Mississippi State, Mississippi 39762, United States Department of Chemical and ...

Simulating water droplets made up of millions of molecules and on timescales as needed in biological and technological applications is challenging due to the difficulty of balancing accuracy with ...

This project implements a Monte Carlo simulation for stock prices using C++. It models stock prices via Geometric Brownian Motion (GBM) and provides key risk metrics such as Value at Risk (VaR), ...

Bob’s financial advisor just ran a “Monte Carlo analysis” for him.What’s a “Monte Carlo analysis”?It’s a tool used to test how a person’s retirement savings and plan would hold up given a variety of ...

In this section we run a simulation study to illustrate the empirical error rates for the multi-metric decision rules with and without the alpha and power corrections ...

I miss the ’80s. There was so much more variety in everything: TV, movies, music—and cars. Back then, you could easily tell American, Japanese, Italian or German cars apart from one another. Not like ...

Bitcoin (BTC) registered a daily and weekly close at $80,688 on March 9, the lowest close since Nov. 11, 2024. Bitcoin also dropped below its key 200-day exponential ...