ABSTRACT There is randomness in both the applied loads and the strength of systems. Therefore, to account for the uncertainty, the safety of the system must be quantified using its reliability. Monte ...

ABSTRACT Understanding reliability is critical in design, maintenance and durability analysis of engineering systems. A reliability simulation methodology is presented in this paper for vehicle fleets ...

Researchers have developed a highly efficient method to investigate systems with long-range interactions that were previously puzzling to experts. These systems can be gases or even solid materials ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Tripoli-4® is a tool used by researchers to simulate the behaviors of interacting neutrons in 3D space. Recently, researchers have developed eTLE: a next-event simulator which aims to increase Tripoli ...

Startup Monte Carlo Data Inc. today debuted a new tool, the Data Product Dashboard, that can help companies spot quality issues in their business information. San Francisco-based Monte Carlo is backed ...

Monte Carlo simulation — the method of statistical analysis that determines the probability of certain events using a roulette-wheel like generation of random numbers — has become so popular that ...