Stochastic Simulation and Monte Carlo Methods Mathematical Foundations of Stochastic Simulation /

• Main Authors: Graham, Carl (Author), Talay, Denis (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, 2013.
• Series: Stochastic Modelling and Applied Probability, 68
• Subjects: Mathematics.; Economics, Mathematical.; Numerical analysis.; Probabilities.; Probability Theory and Stochastic Processes.; Numerical Analysis.; Quantitative Finance.

In various scientific and industrial fields, stochastic simulations are taking on a new importance. This is due to the increasing power of computers and practitioners’ aim to simulate more and more complex systems, and thus use random parameters as well as random noises to model the parametric uncer...