Title :
The application of Monte Carlo computer simulation in economic decision-making
Author_Institution :
Dept. of Manage. Eng., Chongqing Aerosp. Polytech. Coll., Chongqing, China
Abstract :
The risk of the uncertainty of the economic decision-making is analysed by means of the appropriate economic model with Monte Carlo simulation as a means and Excel VBA as a computing platform. This method makes up the deficiencies of traditional decision-making tools and has some practical significance.
Keywords :
Monte Carlo methods; Visual BASIC; decision making; economics; office automation; Excel VBA; Monte Carlo computer simulation; economic decision-making; Analytical models; Biological system modeling; Decision making; Marketing and sales; Excel VBA; Monte Carlo simulation; risk;
Conference_Titel :
Computer Application and System Modeling (ICCASM), 2010 International Conference on
Conference_Location :
Taiyuan
Print_ISBN :
978-1-4244-7235-2
Electronic_ISBN :
978-1-4244-7237-6
DOI :
10.1109/ICCASM.2010.5620786
