USING THE MONTE CARLO METHOD IN SIMULATED MODELING OF ECONOMIC SYSTEMS Using the Monte Carlo Method in Simulated Modeling of Economic Systems

Published in Intellectual Technologies on Transport · Issue 1 · Pages 38–42 · Rubric: Articles
DOI: https://doi.org/10.24412/2413-2527-2023-133-38-42
Received: 11.01.2025 Accepted: 11.01.2025 Published: 11.01.2025 Language of publication: RUS
Authors
The article describes the procedure for simulating using the Monte Carlo method. The history and essence of the method are considered, its advantages and disadvantages are highlighted. Methods for leveling the disadvantages of the Monte Carlo method for obtaining reliable results in modeling are presented. A review of the use of the method for modeling economic systems was conducted. As an example of using simulation modeling, the calculation of the investment project performance indicator is presented.
Monte Carlo method, statistical test method, simulation modeling, simulation method, economic system model, net present value, investment project evaluation