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MITESD_70Jf09_lec02

MITESD_70Jf09_lec02 - MIT OpenCourseWare http/ocw.mit.edu...

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MIT OpenCourseWare http://ocw.mit.edu ESD.70J / 1.145J Engineering Economy Module Fall 2009 For information about citing these materials or our Terms of Use, visit: http://ocw.mit.edu/terms .
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ESD.70J Engineering Economy Module - Session 2 1 ESD.70J Engineering Economy Fall 2009 Session Two Michel-Alexandre Cardin Prof. Richard de Neufville
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ESD.70J Engineering Economy Module - Session 2 2 Session two – Simulation • Objectives: – Generate random numbers – Get familiar with Monte Carlo simulation – Set up simulation using Data Table – Generate statistics for simulation – Draw histogram and cumulative distribution function (CDF) Also called “Target curve”
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