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Tag "Monte Carlo simulation"

Frontline shipping Solver SDK (Pro and Platform) V2017

Frontline Solvers is now shipping Solver SDK (Pro and Platform) V2017, a new version of its popular software development kit for solving Monte Carlo simulation and conventional and stochastic optimization models.

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Monte Carlo for the masses

    Monte Carlo for the masses

Monte Carlo simulation has been used to model uncertainties since the Manhattan atomic bomb project by blasting randomly generated inputs through mathematical models. Monte Carlo spreadsheet add-ins for personal computers have been available since the mid-1980s, however, it has not been a killer app because it takes specialized training to generate the required random inputs. Actually, a great invention of the 19th century, the light bulb, was never widely adopted because it took specialized training to generate the required electricity (just kidding). Thomas Edison subsequently proposed that experts with generators provide electricity for non-experts with light bulbs, and the result was the power-distribution network.

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Analytics Blog

Electoral College put to the math test


With the campaign two months behind us and the inauguration of Donald Trump two days away, isn’t it time to put the 2016 U.S. presidential election to bed and focus on issues that have yet to be decided? Of course not.






Headlines

SAS, IVMF team up to help veterans transition to analytics careers

Employers from every industry are clamoring for people with analytics skills to help them turn data into meaningful information to make better decisions. Military veterans and family members can pursue the hottest careers today, thanks to a collaboration between the Institute for Veterans and Military Families (IVMF) and analytics provider SAS. Read more →

Lehigh Univ., Pennsylvania Department of Corrections win Wagner Prize

Nearly 100 unique factors have to be considered during the complicated task of assigning inmates to any of the Pennsylvania Department of Corrections’ 25 facilities. What once took seven employees nearly a week to accomplish can now be completed in less than 10 minutes at an expected savings of nearly $3 million, thanks to an algorithm created by a team of Lehigh University students and professors and the Pennsylvania Department of Corrections. Read more →

UPCOMING ANALYTICS EVENTS

INFORMS-SPONSORED EVENTS

2017 Winter Simulation Conference (WSC 2017)
Dec. 3-6, 2017, Las Vegas

CAP® EXAM SCHEDULE

CAP® Exam computer-based testing sites are available in 700 locations worldwide. Take the exam close to home and on your schedule:


 
For more information, go to 
https://www.certifiedanalytics.org.