Sir Francis Galton (born 1828) was posed with the exact same challenge when a county fair came to town. He and all the other fair attendees were given the opportunity to win a prize by correctly estimating the weight of an ox.
This technique of running many simulations is known as the Monte Carlo method, a category of modelling techniques that has and is gaining currency in many different areas, particularly with increases in computational capability.
In 2004 when it was decided to introduce the ban, it was envisaged that the state of the science would have progressed beyond where it is now.
Predictive microbial models can be deployed to help to understand the behaviour of pathogens in products. However, there is no one-size-fits-all model for predictive microbiology.
What does Cloud Computing really mean? What are the benefits of using Cloud-based technologies, over the traditional ones that we may be more familiar with?
Probabilistic modelling, or Monte Carlo simulation, can be precisely what you need when there is a lot of data known about a system. Calculations in science involve putting numbers together that represent physical quantities.
In highly competitive industries, improved understanding of the financial exposure risk profile from being associated with contaminated products in the market is increasingly important. By using data organised in structured data sets and through the application of science-based mathematical models, Creme Global quantifies detailed risk profiles that can simplify risk management decisions and mitigate financial risk.
For anyone working in a scientific discipline, staying up to date with the latest research is a part and parcel of the job. However, with the huge deluge of research being churned out, this isn’t such an easy task.