Stochastic Modeling of Risk and Uncertainty in Project Management
Host
Department of Applied Mathematics
Description
In this talk, the speaker briefly introduces the software HawkEye, which was developed based on VBA using the Monte Carlo method. Also, the speaker shows the concepts and the algorithms behind this software. Three models are given to demonstrate the power of HawkEye: "Project Cost" model for project cost with risk, "Project NPV" model, and "Portfolio Optimization" model.
Event Topic
Computational Mathematics & Statistics