Day 1 Mon, November 11, 2019 2019
|
|

Abstract: Typically, the Monte Carlo simulation (MCS) approach was generally applied to assess and quantify uncertainty in probabilistic reserve estimates and improve risk decision making, regrdless of that it can be quite computationally intensive, MCS method has the advantages of generating possible outcomes That contain more information relative to deterministic and scenario approach by taking into consideration the uncertainty associated with the range of various input variable. However, MCS entails that the probabi… Show more

Help me understand this report

Search citation statements

Order By: Relevance
0
0
0
0
0
0
0
0

Publication Types

Select...

Relationship

0
0

Authors

Journals