mcN: Compute number of necessary Monte Carlo runs

mcNR Documentation

Compute number of necessary Monte Carlo runs

Usage

mcN(x, ...)

Arguments

z

Value of Z for a given confidence level for a normally distributed random variable, default is 1.96 for a 95\

\item

EThe required percentage error of the mean, numeric.

The mcN function implements the simple method of Bukaci et al. (2016) to calculate the number of Monte Carlo (MC) simulations required to obtain results with a given precision level. data(ple4) ssb <- rlnorm(2000, log(ssb(ple4)), 0.5) itse <- mcN(ssb) plot(se~iters, itse, type='l') Bukaci, E. Korini, Th., Periku, E., Allkja, S., Sheperi, P. 2016. Number of iterations needed in Monte Carlo Simulation using reliability analysis for tunnel supports. Int. J. of Eng. Res. and Apps., 6 (6-3): 60-64. <www.ijera.com/papers/Vol6_issue6/Part%20-%203/J0606036064.pdf>


iagomosqueira/mse documentation built on April 24, 2024, 4:35 a.m.