How to apply the Monte Carlo simulation principles to a game of dice using Microsoft Excel. The Monte Carlo method is widely used and plays a key part in various fields such as finance, physics ...

Crystal Ball is a spreadsheet add-in for carrying out Monte Carlo simulations in Microsoft Excel made by Decisioneering Inc. in Denver.

Monte Carlo analysis has been shown to be a powerful tool for evaluating confidence limits and probability distributions for values calculated during the analysis of vehicle accidents. Using this tool ...

VIDEO: Run Monte Carlo simulations in Excel with this simple workaround.

The Inverse Sampling Method can expand the capability of tools, such as Excel and Spice, into performing user-defined statistical simulations.

Journal of Financial Education, Vol. 40, No. 1/2 (SPRING/SUMMER 2014), pp. 94-114 (21 pages) There is a lack of coverage of an application of Monte Carlo simulation in capital budgeting in ...