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What is the term for probabilistic analysis?
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Quiz Answer: Monte Carlo

July 2013

Did you know?
Signal Fitness-For-Service can help run all of the "what if" cases.

Collecting the data necessary to complete a fitness-for-service assessment isn’t always as straightforward as looking it up on a manufacturer’s data sheet. Often times the data available is a specified minimum, carries a significant margin of error or is unknown altogether. Signal FFS can be used to "bound” the assessment by allowing the input of several values for the input variables. The Parametric and Monte Carlo options allow for any number of input variables to be varied all at once. Entering the upper and lower bounds of a variable gives the user the best and worst case scenario solutions.

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