Perspective Chapter: Application of Monte Carlo Methods in Strategic Business Decisions
Some strategic business problems cannot be expressed in analytical forms and, in most cases, are difficult to define in a deterministic manner. This chapter explores the use of probabilistic modelling using Monte Carlo methods in the modelling of decision problems. The focus is on using Monte Carlo...
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| Format: | Book Chapter |
| Language: | English |
| Published: |
IntechOpen
2023
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| Online Access: | https://www.intechopen.com/chapters/82997 |
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