By Kardi Teknomo, PhD .
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Advantages to Use Monte Carlo Simulation
 To use Monte Carlo Simulationis quite simple and straightforward as long as the convergence can be guaranteed by the theory.
 Monte Carlo Simulation may provide statistical sampling for numerical experiment using computer
 For optimization problems, Monte Carlo Simulation often can reach global optimum and overcome local extreme
 Monte Carlo Simulation provides approximate solution to many mathematical problems
 The method can be used for both stochastic (involve probability) and deterministic (without probability).
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This tutorial is copyrighted .
Preferable reference for this tutorial is
Teknomo, Kardi. Monte Carlo Simulation Tutorial. https:\\people.revoledu.com\kardi\ tutorial\Simulation