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The Monte Carlo Method as a Natural Mode of Expression in Operations Research

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  • Gilbert W. King

    (International Telemeter Corp.)

Abstract

Operations research is meaningless unless it gets results quickly. Every group has its own preferences, and possibly other methods are better, but the fact remains that almost all the real problems we have solved have been solved by the Monte Carlo method, which gave acceptable results in a reasonable time. Operations Research , ISSN 0030-364X, was published as Journal of the Operations Research Society of America from 1952 to 1955 under ISSN 0096-3984.

Suggested Citation

  • Gilbert W. King, 1953. "The Monte Carlo Method as a Natural Mode of Expression in Operations Research," Operations Research, INFORMS, vol. 1(2), pages 46-51, February.
    • Handle: RePEc:inm:oropre:v:1:y:1953:i:2:p:46-51
    DOI: 10.1287/opre.1.2.46
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    Cited by:

    1. Aryo Sasongko & Cynthia Afriani Utama & Buddi Wibowo & Zaäfri Ananto Husodo, 2019. "Modifying Hybrid Optimisation Algorithms to Construct Spot Term Structure of Interest Rates and Proposing a Standardised Assessment," Computational Economics, Springer;Society for Computational Economics, vol. 54(3), pages 957-1003, October.
    2. Schirmer, Andreas & Riesenberg, Sven, 1997. "Parameterized heuristics for project scheduling: Biased random sampling methods," Manuskripte aus den Instituten für Betriebswirtschaftslehre der Universität Kiel 456, Christian-Albrechts-Universität zu Kiel, Institut für Betriebswirtschaftslehre.

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