J.D. Solomon
Why Embrace Monte Carlo Analysis for New Project Development
Monte Carlo analysis or Monte Carlo simulation is a technique used for forecasting which considers uncertainty and variability. As an...
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J.D. Solomon
- Feb 15
Beware of Monte Carlo Analysis for New Project Development
Monte Carlo analysis has some key limitations which make the technique a major cause of concern for new project development. This article...
J.D. Solomon
- Oct 11, 2022
How to Overcome the Fear of Using the Wrong Probability Distribution
Probability Distributions The probability density function (PDF) is applied to continuous random variables, whereas the probability...
J.D. Solomon
- Sep 26, 2022
Three Solutions for Establishing Useful Probability Distributions
Monte Carlo simulations are the best approach for assessing uncertainty for future infrastructure and facilities funding requirements....
J.D. Solomon
- Sep 19, 2022
Why Are You Wasting Infrastructure Money By Not Using Monte Carlo Analysis?
Understanding the total cost of ownership is a fundamental principle of asset management of facilities and infrastructure. However, all...
J.D. Solomon
- Nov 11, 2021
Drinking Treated Wastewater Is Still A Few Years Away
Drinking treated wastewater is still a few years away because there is not enough demand for it. The technology exists that makes it...
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