Kajian Metode Simulasi Monte Carlo

The Monte Carlo Simulation Method is one of the forecasting methods that uses random numbers, specifically through the use of a Linear Congruential Generator and mathematical equations for prediction, forecasting, estimation, and risk analysis. The Monte Carlo Simulation Method with one iteration has a high level of accuracy, as evidenced by previous research. The more iterations used, the more accurate the forecasting results. Therefore, the author is interested in examining how well the Monte Carlo Simulation Method with N iterations performs in forecasting. The study of the Monte Carlo Simulation Method with N iterations will be conducted on the forecast of the number of visitors to Fort Rotterdam. The aim of this research is to determine the accuracy of the Monte Carlo Simulation Method with N iterations for forecasting the number of visitors to Fort Rotterdam. The MAPE values from 2013 to 2018 using the Monte Carlo Simulation Method with N iterations sequentially are 16%, 13%, 13%, 12%, 1008%, and 31%. The forecasting ability from 2013 to 2016 falls into the good category, the forecasting for 2017 falls into the poor category, and the forecasting for 2018 falls into the fair category.

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Publication Details

Journal
Journal of Mathematics Computations and Statistics
Published
2024-09-26
DOI
https://doi.org/10.35580/jmathcos.v7i2.2994
Citations
1
Primary Topic
Management and Optimization Techniques
Type
article
Field-Weighted Citation Impact
0.55
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article

Kajian Metode Simulasi Monte Carlo

Suyanto Suyanto, Mawar Bonita Br Manik, Maulida Yanti, Putri Khairiah Nasution
1 citations
Journal of Mathematics Computations and Statistics
Management and Optimization Techniques
0.55
article

Kajian Metode Simulasi Monte Carlo

Suyanto Suyanto, Mawar Bonita Br Manik, Maulida Yanti, Putri Khairiah Nasution
article en
1 citations

Abstract

The Monte Carlo Simulation Method is one of the forecasting methods that uses random numbers, specifically through the use of a Linear Congruential Generator and mathematical equations for prediction, forecasting, estimation, and risk analysis. The Monte Carlo Simulation Method with one iteration has a high level of accuracy, as evidenced by previous research. The more iterations used, the more accurate the forecasting results. Therefore, the author is interested in examining how well the Monte Carlo Simulation Method with N iterations performs in forecasting. The study of the Monte Carlo Simulation Method with N iterations will be conducted on the forecast of the number of visitors to Fort Rotterdam. The aim of this research is to determine the accuracy of the Monte Carlo Simulation Method with N iterations for forecasting the number of visitors to Fort Rotterdam. The MAPE values from 2013 to 2018 using the Monte Carlo Simulation Method with N iterations sequentially are 16%, 13%, 13%, 12%, 1008%, and 31%. The forecasting ability from 2013 to 2016 falls into the good category, the forecasting for 2017 falls into the poor category, and the forecasting for 2018 falls into the fair category.

Journal of Mathematics Computations and StatisticsVol. 7(2)
Universitas Sumatera Utara (ID)
Openalex Percentile: Top 21%
Management and Optimization Techniques
0.55
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