Engineering

Presenting Simulation Results

Presenting the results of a Monte Carlo simulation can be challenging when your audience isn’t inclined to receive probabilistic information.  Decision makers often want a single number for net present value, project completion date, or profit. How do we as the modeler/analyst present this information so it is understood and appreciated for the extra information …

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Using the MEboost Tolerance Calculator

The MEboost tolerance calculator allows you to see the potential rejection rate given a probability distribution for a dimension.  This allows you to estimate rejection rate while balancing the necessary tolerance for functionality. A tolerance range is specified by a range of sigmas (standard deviation) around the nominal dimension, or you can directly specify the …

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