Stochastic Modelling News Today

Dr. Bikramjit Chaudhuri Joins BARC India as Chief of Measurement Science & Analytics

A stochastic model can answer a lot of questions for you, but as with all modelling, the answer you receive is only as valuable as the model in question, writes Steph Willcox

Paolo Papale’s profile on The Conversation

The Go programming language is deemed to be the most promising programming language today due to its speed and simplicity, and I recommend you to at least get acquainted with it. Quick Introduction Generally speaking, Monte Carlo methods (or simulations) consist of a broad class of computational algorithms that rely on repeated random sampling to obtain numerical results. This technique is used throughout areas such as physics, finance, engineering, project management, insurance, and transport...

Abstract Air conditioning (A/C) is generally responsible for a significant proportion of total building energy consumption. However, occupants’ air conditioning usage patterns are often unrealisti-cally characterised in building energy performance simulation tools, which leads to a gap between simulated and actual energy use. The objective of this study was to develop a stochastic model for predicting occupant behaviour relating to A/C cooling and heating in residential buildings located in t...