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mathematical technique > numerical method > Monte-Carlo method

Preferred term

Monte-Carlo method  

Definition

  • Monte Carlo methods, or Monte Carlo experiments, are a broad class of computational algorithms that rely on repeated random sampling to obtain numerical results. The underlying concept is to use randomness to solve problems that might be deterministic in principle. They are often used in physical and mathematical problems and are most useful when it is difficult or impossible to use other approaches. Monte Carlo methods are mainly used in three problem classes: optimization, numerical integration, and generating draws from a probability distribution. (Wikipedia, The Free Encyclopedia, https://en.wikipedia.org/wiki/Monte_Carlo_method)

Broader concept

Entry terms

  • Monte-Carlo model
  • Monte-Carlo modeling
  • Monte-Carlo simulation
  • Monte-Carlo study
  • Monte-Carlo technique

In other languages

URI

http://data.loterre.fr/ark:/67375/MDL-LL934KCV-N

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