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Monte Carlo Risk Analysis

By Sankar Vijayan
Created 20 May 2011 - 08:09
Submitted by Sankar Vijayan on Fri, 2011-05-20 08:09

Dear all,

My self sankar vijayan.I am a fresher in  construction field .Ia m now working with a MNC now .My boss told me to prepare Risk Analysis for a project.While doing it i came across this Monte Carlo Risk Analysis.I refer some articles in net.Can anyone explain with small example pratically how to impliment it without using any specialised software.So that i can recomend this method to my boss.I am from Tendering department.

 

Regards

Sankar Vijayan

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