Published On Aug 11, 2023
This is a preview video of an article posted up on Medium that covers how to run a Monte Carlo Simulation to develop a Budget Cost Risk Analysis via a Python Library called MCerp
Medium Article
https://zhijingeu.medium.com/building...
GitHub Repository
https://github.com/ZhijingEu/MonteCar...
The example uses MCerp https://pythonhosted.org/mcerp is a stochastic calculator for Monte Carlo methods that uses latin-hypercube sampling to perform non-order specific error propagation (or uncertainty analysis). With this package you can easily and transparently track the effects of uncertainty through mathematical calculations.