What is the major limitation of using monte carlo


Discuss the below:

Q1: What is the major limitation of only using Monte Carlo simulation to perform risk analysis?

Q2: Compare and contrast between a discrete versus continuous decision variable when used in an optimization under uncertainty.

Request for Solution File

Ask an Expert for Answer!!
Risk Management: What is the major limitation of using monte carlo
Reference No:- TGS02056669

Expected delivery within 24 Hours