The following four new calculation schemes were implemented and validated through numerical experiments. A surface layer turbulence scheme using a new calculation formula that eliminates the ...

We provide a generic Monte Carlo method to find the alternative of maximum expected utility in a decision analysis. We define an artificial distribution on the product space of alternatives and states ...

Scientists have used probability simulations to come to an estimate on the number of alien civilizations that might exist in our Milky Way galaxy, and the number they've arrived at is pretty specific: ...

ITHACA, N.Y.--(BUSINESS WIRE)--Savvy investors and analysts know to expect the unexpected. Probability simulations addressing unexpected market fluctuations provide insights to help manage long-term ...