Differences of the Bank Charges Paid in the Czech Republic - Monte Carlo Simulation

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F71226401%3A_____%2F13%3A%231003554" target="_blank" >RIV/71226401:_____/13:#1003554 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Differences of the Bank Charges Paid in the Czech Republic - Monte Carlo Simulation
Original language description
Simulation methods are a good tool that can be used in the real world situations to better understand the reality or to make a responsible decision. Monte Carlo simulation uses random numbers as inputs to evaluate a deterministic model that is complex, nonlinear, or involves more than just a couple of uncertain parameters. As in the Czech Republic the situation with the selection of the appropriate bank account is complicated (because of the non-transparent bank charges), we have created a simulation model to find the best account for 3 different types of retail clients. We compare our results with the solution obtained from MS Excel, Crystal Ball and the multi-criteria evaluation of alternatives model.
Czech name
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Czech description
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Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the International Workshop: Methods and Applications of Artificial Intelligence
ISBN
978-83-62466-19-1
ISSN
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e-ISSN
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Number of pages
10
Pages from-to
20-29
Publisher name
Univ. Bialsko-Biala
Place of publication
Polsko
Event location
Polsko
Event date
Jan 1, 2013
Type of event by nationality
CST - Celostátní akce
UT code for WoS article
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