Monte Carlo simulations using Matlab

From randomness to statistical results!

4.65 (18 reviews)
Udemy
platform
English
language
Other
category
Monte Carlo simulations using Matlab
170
students
3.5 hours
content
Nov 2023
last update
$44.99
regular price

What you will learn

Monte Carlo

Reliability

Availability

Mantainability

Monte Carlo simulations

Probability

Risk management

Monte Carlo integration

Decision making problems

Decision making tools

Monty Hall thought experiment

Risk analisys through Monte Carlo

Why take this course?

Monte Carlo allows us to get statistical trends on systems that normally would be far too complex to study via deterministic approaches. Nowadays engineering and scientific fields are counting more and more on this powerful method to get statistical trends on the behaviour of increasingly growing complexity machinery, systems, and scientific models.

Imagine having a system with +1000 components that can each fail at any given time. Imagine furthermore that we need to predict how the complete system is going to fail depending on those +1000 components. The statistical equations product of this would be unbearable to calculate via traditional approaches, thus Monte Carlo has been and is still used widely in the reliability engineering field.

Imagine now having to calculate the area of a completely irregular shape (or the definite integral of a curve that has no mathematical function to describe it so that we could use classic integration methods). Monte Carlo could be user to solve this issue relying on the ever increasing power of our computers.

The previous examples were just two of the applications in which we could use a methodology of work that is revolutionizing the way we study systems. Therefore, Monte Carlo is a must in every engineer or scientist toolbelt.

Screenshots

Monte Carlo simulations using Matlab - Screenshot_01Monte Carlo simulations using Matlab - Screenshot_02Monte Carlo simulations using Matlab - Screenshot_03Monte Carlo simulations using Matlab - Screenshot_04

Reviews

Abdul
November 30, 2023
It is interactive which makes it great and not boring. But sometimes he doesn't explain everything regarding coding. For example why did we choose the mean as the variable?

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Related Topics

4038630
udemy ID
5/10/2021
course created date
9/30/2021
course indexed date
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