The Monte Carlo simulation estimates the probability of different outcomes in a process that cannot easily be predicted because of the potential for random variables.

This module provides an in-depth review of simulation rationale, techniques and methodologies with a particular focus on discrete event simulation and their practical application to inform healthcare ...

Learn how Value at Risk (VaR) predicts possible investment losses and explore three key methods for calculating VaR: ...

The first type measures the sensitivities of portfolio value to some particular market variables. Usually, a portfolio’s risk profile can be described by a large number of those sensitivities. The ...

Research, development, and production of novel materials depend heavily on the availability of fast and at the same time accurate simulation methods. Machine learning, in which artificial intelligence ...

A review has shed light on the groundbreaking advancements in the simulation of blood flow within the intricate vascular system that could transform medical treatment and device innovation for ...

In the pharmaceutical discovery process, understanding a drug’s residence time—the duration a molecule remains bound to its ...

With an ultimate goal of patient safety and clinical excellence for all our healthcare learners, the Simulation Core employs various validated simulation methods to ensure realistic learning ...