A Monte Carlo Simulation Approach in Assessing Risk and Uncertainty Involved in Estimating the Expected Earnings of an Organization: A Case Study in Nigeria
This work provides a simulation-based approach of assessing the risk and uncertainty involved in estimating the expected earnings of an organization. The procedure involves using Monte Carlo Simulation (MCS) in creating various possible outcomes and scenarios. The MCS is found to be more effective than single point estimates or guesswork. Hence, it is an efficient and useful tool in risk...
Published at American Journal of Computational and Applied Mathematics
Volume 4
Issue 5
Pages 161-166
Published in 2014
H. I. Okagbue, S. O. Edeki , A. A. Opanuga
Opanuga Abiodun » Dr. OPANUGA, Abiodun Adegboyega holds B.Sc.(ED), M.Sc. and Ph.D. Mathematics from the University of Ado-Ekiti,Ekiti state, Olabisi Onabanjo University,Ago Iwoye and Covenant University, Ota respectively. He is a Lecturer in the Department of Mathematics, College of Science and Technology. His research interest is in Non-Newtonian Fluid Dynamics. He has more than forty articles in many... view full profile
