The fundamentals of Monte Carlo simulations

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Potential users may not necessarily have (in-depth) knowledge of the Monte Carlo simulation method because it heavily relies on probability theory. This chapter describes its basic principles and includes worked examples that provide further explanation. These hands-on examples provide a fundamental understanding of the method to create the basis for the following chapters
Original languageEnglish
Title of host publicationChances and Risks in Construction Management and Economics
Place of PublicationCham
Number of pages67
ISBN (Electronic)978-3-030-64014-9
ISBN (Print)978-3-030-64013-2
Publication statusPublished - 2021

Publication series

NameSpringer Tracts in Civil Engineering
ISSN (Print)2366-259X
ISSN (Electronic)2366-2603

ASJC Scopus subject areas

  • Civil and Structural Engineering

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