Using Monte Carlo Simulation
to Make Hard Reliability Analyses Easy
podcast episode with speaker Chris Jackson
Sometimes the equations we need to model reliability are just so complicated that we simply avoid them, or use other equations that are simpler but model the wrong thing (see some of my earlier webinars!). But it doesn’t have to be this way. Monte Carlo simulation is so simple that anyone who has access to Microsoft Excel can use it. What this means is that we don’t need to use complicated equations (like those use to model things like switching systems) and instead can use Microsoft Excel to help us get approximate (but really accurate) answers. Sound interesting? Join us for this webinar!
This Accendo Reliability webinar was originally broadcast on 23 April 2024.
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To view the recorded video/audio and PDF workbook of the event, visit the webinar page.
Additional content that may be of interest
When to do Monte Carlo episode
Use of Monte Carlo Simulation in Reliability episode
What is a Monte Carlo Analysis with Fred Schenkelberg episode
Reliability Modeling using Monte Carlo article
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Using Monte Carlo Simulation
Sometimes the equations we need to model reliability are just so complicated that we simply avoid them. Let's use Monte Carlo instead.
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