Hi Rabin,

The Monte Carlo method can generate random distributions, processes, samples, and so on. This method helps us run different scenarios, outcomes, and conditions.

Regarding financial analysis, this method has a great number of applications. For instance, it enables us to compare different (possible) decisions.

Babak Jamshidi thank you, Professor.

This book is a good reference:

Handbook in Monte Carlo Simulation: Applications in Financial Engineering, Risk Management, and Economics

Paolo Brandimarte

Wow thank you again Dear Professor Babak Jamshidi

Hi Dr Rabin Thapa . I hope the following links could help you:

1.https://www.ecoshape.org/en/tools/monte-carlo-simulation-and-social-cost-benefit-analysis/

2.https://publicwiki.deltares.nl/display/BTG/Monte+Carlo+simulation+and+Social+Cost+Benefit+Analysis

Aref Wazwaz I’m very much grateful for your help and suggestions, Thank you.