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1994 | OriginalPaper | Chapter

Elements of Monte Carlo Methods

Authors : Roy Billinton, Wenyuan Li

Published in: Reliability Assessment of Electric Power Systems Using Monte Carlo Methods

Publisher: Springer US

Included in: Professional Book Archive

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The Monte Carlo method is the general designation for stochastic simulation using random numbers. Monte Carlo is the name of the suburb in Monaco made famous by its gambling casino. The name was also used as the secret code for atomic bomb work performed during World War II involving random simulation of the neutron diffusion process. Monte Carlo methods have been used in many areas since that time.

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Metadata
Title
Elements of Monte Carlo Methods
Authors
Roy Billinton
Wenyuan Li
Copyright Year
1994
Publisher
Springer US
Book
Reliability Assessment of Electric Power Systems Using Monte Carlo Methods

Print ISBN: 978-1-4899-1348-7

Electronic ISBN: 978-1-4899-1346-3

Copyright Year: 1994

DOI
https://doi.org/10.1007/978-1-4899-1346-3_3