Monte Carlo Simulation In Financial Engineering

ThispaperreviewstheuseofMonteCarlosimulationinthefieldoffinancialengineering.Itfocusesonseveralinterestingtopicsandintroducestheirrecentdevelopment,includingpathgeneration,pricingAmerican-stylederiva-tives,evaluatingGreeksandestimatingvalue-at-risk.Thepaperisnotintendedtobeacomprehensive