Monte Carlo Analysis of Time-Varying Parameters

Hi all,

is there a tool in Matlab/Simulink which assists Monte Carlo Analysis with time-varying parameters?

Usually, parameters are changed all at once before a Monte Carlo run.

But how would you simulate a Monte Carlo run if there are parameters which would change over time (during the Monte Carlo Simulation)?

Here a statement from this paper: https://www.sciencedirect.com/science/article/pii/S0304380000004130 which describes very well what I mean:

Quote:

This paper focuses on the application of Monte Carlo methods to the particular situation in which model parameters are uncertain and believed to vary with time. In such circumstances, application of a simple Monte Carlo technique (in which parameters are selected at the start of the run, and held fixed for the duration) can produce model results which are very far removed from those observed in nature (Kremer, 1983) and also substantially different from the results from analytical solutions (Zielinsky, 1990).

Thank you!

Answer 1

[Aman Vyas]

Yes, MATLAB and Simulink both assists monte carlo simulation.

Below link will help you know how can you procced with monte carlo simulation in MATLAB and Simulink for varying parameters too.

https://www.mathworks.com/discovery/monte-carlo-simulation.html

Also go through this link for example

1)https://www.mathworks.com/matlabcentral/answers/97605-are-there-any-examples-showing-how-to-perform-monte-carlo-simulation-in-matlab

Hope this helps!