How could the ability to perform Monte Carlo simulations be valuable?
Any problem that has uncertainty associated with it can benefit from LDW’s Monte Carlo simulation feature. For example, how do you make a rational sports car buying decision when you don’t know exactly what the resale value of your car is going to be? If you can estimate a likely high and likely low resale cost, Logical Decisions will use the simulation capability to understand how the uncertainty might affect the results.. Really the advantage will come when you are trying to combine several different aspects that have probabilities. You don’t know what the resale value is, you don’t know what the stopping distance is, etc. You can combine those and take a look at what the total uncertainty in desirability is.
