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Multilevel Monte Carlo for continuous time Markov chains, with applications in biochemical kinetics [PDF]
, 2012 We show how to extend a recently proposed multi-level Monte Carlo approach to the continuous time Markov chain setting, thereby greatly lowering the computational complexity needed to compute expected values of functions of the state of the system to a ...
Anderson, David, Higham, Desmond
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Jurnal Lebesgue, 2023 The development of palm oil production is quite rapid in Indonesia. The method used to estimate inventory costs in this study is the Monte Carlo Simulation method. Monte Carlo simulation is used in structuring optimal raw material policies.
Cindy Artika +2 more
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Comparative evaluations of the Monte Carlo-based light propagation simulation packages for optical imaging [PDF]
Journal of Innovative Optical Health Sciences, 2018 Monte Carlo simulation of light propagation in turbid medium has been studied for years. A number of software packages have been developed to handle with such issue.
Lin Wang, Shenghan Ren, Xueli Chen
doaj +1 more source