Arc of Yates County, New York Projects Budgets Using Monte Carlo Simulation

Creating a feasible budget is never easy, but it’s even more challenging during questionable economic times. That was the case for the Arc of Yates, an amazing organization in New York State that provides a wide array of services for individuals with developmental disabilities in Yates County.  For many non-profit organizations, funding often comes from […]

Using Monte Carlo Simulation to Understand the Sensitivity of a Complex System

Can averages be a dangerous measurement on which to base your decisions? According to Britt Calloway, Research and Development Engineer for Bastian Solutions, they can be. In Britt’s case, he used a toy robot to model target throughput of an actual robot in a palletizing operation, and his concerns over uncertainty in this test lead […]