... determine the best and worst criteria using the total preference degree. We then used simulation and application to verify the usefulness of the proposed method. Findings Based on 5,130,000 pairwise comparison matrices of a Monte Carlo simulation, we suggest that the AHP-BWM performs better than AHP...

... value to address the problem of bankruptcy cost allocation and additionally employ the method of Monte Carlo simulation to derive the numerical solution of the insurance premium of bankruptcy cost. Findings First, the relatively healthy and solvent firms in the insurance system could gain a larger...

...D.J. Smith Monte Carlo simulation is one of a number of analytical techniques available to enable managers to assess the risks surrounding capital budgeting decisions. Although it is covered in most texts on financial management, surveys have for many years pointed to only limited use...