#monte-carlo method

Monte-carlo simulation for warehouse location risk assessment, implement in R

Monte-carlo simulation is a very popular technique when it comes to risk assessment. In previous posts I have introduced implementations of monte-carlo simulations in Python and R. I e.g. used monte-carlo simulation to assess the risk associated with price developments of commodities and stocks. I also demonstrated how to animate monte-carlo simulations in R using ggplot2 and gganimate. In this…