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The Possibility of Using Monte Carlo Method in the Case of Decision-Making under Conditions of Risk Concerning an Agricultural Economics Issue

Monte Carlo method is a probabilistic computer algorithm in which the value of one or more random variables is given by the density function, and the goal of which is to predict all the possible outcomes of a process it has been applied to and the probability of their occurrence. As such, the Monte...

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Hlavní autoři: Dominika Crnjac Milić, Dino Masle
Médium: Artigo
Jazyk:Inglês
Vydáno: Faculty of Economics in Osijek 2013-07-01
Edice:Ekonomski Vjesnik
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On-line přístup:http://hrcak.srce.hr/file/159533
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