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BUITEMS Quality & Excellence in Education To study the basic concepts of Monte Carlo Simulation by calculating the value of π this process thousands of times and we get an estimated value of π. The accuracy of this value depends on number of iterations and the quality of random numbers generated (Woller, 1996). RESULTS AND DISCUSSION For the scientific program execution, three inputs are entered, one is minimum, second maximum value and third is number of iterations (4). From minimum and maximum values the range is determined and the computer codes generates random number between 0 and 1. In the first iteration these random numbers are checked the condition x 2 +y 2
BUITEMS Quality & Excellence in Education To study the basic concepts of Monte Carlo Simulation by calculating the value of π ACKNOWLEDGEMENT We are thankful to Syed Zaheer Abbas Gilani Assistant professor Physics department BUITEMS for his help in using C++ computer language. REFERENCES • Harvill LR and Pipes LA. (1970).Applied Mathematics for Engineers And Physicists. 3rd Edition,New York, Mc Graw. Hill Inc. • Monte Carlo method –Wikipedia, the free encyclopedia • Woller T. 1996).The Basics of Monte Carlo Simulation, http://www.chem.unl.edu/zeng/joy/mclab /mcintro.html • Wittwer J. Monte Carlo Simulation Basics,http//www.vertex42.com/ ExcelArticles/mc/monteCarlo simulation.html. • Vose D. (2008). Risk Analysis, A Quantitative Guide (3rd. Ed). John Wiley & Sons. 15
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