Monte Carlo Simulation is similar to a scenario analysis, but a program generates thousands of scenarios automatically
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Monte Carlo Simulation is similar to a scenario analysis, but a program generates thousands of scenarios automatically and it can have a much better understanding of the risks of the project than scenario analysis.
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Related Book For
Cost Benefit Analysis Concepts and Practice
ISBN: 978-0137002696
4th edition
Authors: Anthony Boardman, David Greenberg, Aidan Vining, David Weimer
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