Long before statistical whiz Nate Silver predicted the outcome of the 2012 presidential election and "Moneyball" became a household word, structural engineers employed the Monte Carlo method of ...

The design and construction of capital projects can be extremely complex. Uncertainty and risk add to this complexity and, as a result, many projects experience significant cost overruns and schedule ...

This article is sponsored by Eyeota. The United States stands alone when it comes to its insistence on a predominantly deterministic approach to data-driven marketing. Because of that, the ongoing ...

Although probabilistic risk analysis methods have been available to engineering and construction practitioners for decades, their use is not pervasive in industry today. To determine why their use is ...

The universe is cellular automaton in which reality is simply the readout of a giant, fantastically complex computing machine. That’s the conclusion of Nobel Prize-winning physicist Gerard ‘t Hooft, ...

Journal of Applied Probability and Advances in Applied Probability have for four decades provided a forum for original research and reviews in applied probability, mapping the development of ...

COLUMBUS, Ohio--(BUSINESS WIRE)--GenomeNext, LLC, a leader in genomic data management and integrated analysis, announced today the launch of its innovative SaaS developed to deliver to the market a ...