The Monte Carlo simulation estimates the probability of different outcomes in a process that cannot easily be predicted because of the potential for random variables.

With an ultimate goal of patient safety and clinical excellence for all our healthcare learners, the Simulation Core employs various validated simulation methods to ensure realistic learning ...

Research, development, and production of novel materials depend heavily on the availability of fast and at the same time accurate simulation methods. Machine learning, in which artificial intelligence ...

Learn how Value at Risk (VaR) predicts possible investment losses and explore three key methods for calculating VaR: ...

The first type measures the sensitivities of portfolio value to some particular market variables. Usually, a portfolio’s risk profile can be described by a large number of those sensitivities. The ...

Flight simulations make a significant contribution to the development and assessment of new aircraft systems. The Institute of Flight Systems uses specialised simulation methods to realistically model ...

A review has shed light on the groundbreaking advancements in the simulation of blood flow within the intricate vascular system that could transform medical treatment and device innovation for ...