FDAnews Announces — Using Monte Carlo Simulation to Aid Your Medical Device Design Webinar, May 14, 2020

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What happens when one combines Excel and Monte Carlo simulation to product development? A powerful tool in quality improvement is created. Find out more.

WCG FDAnews

WCG FDAnews

Using Monte Carlo Simulation to Aid Your Medical Device Design
An FDAnews Webinar
Thursday, May 14, 2020 • 1:30 - 3:00 p.m. EDT
https://www.fdanews.com/montecarlosimulation

Microsoft Excel is a powerful tool for risk management and predictability when combined with Monte Carlo simulation.

Monte Carlo simulation uses random numbers from a variety of statistical distributions to assess risk and uncertainty in forecasting models. With its built-in functions, Excel can generate random numbers to inform simulation, helping practitioners evaluate processes and activities, particularly for models that are difficult to calculate using analytical methods.

Join FDAnews and presenter Dan O’Leary to discover how to use Monte Carlo simulation for medical device design during a webinar on Thursday, May 14.

Participants will have a better idea of how to:

  • Determine the use of models in assessing activities and processes
  • Critically evaluate the role of Monte Carlo simulation in the model
  • Use Excel to generate random numbers
  • Examine the relationship between probability density functions and cumulative density functions
  • Apply Excel functions that can produce random numbers from various statistical distributions
  • Combine the random numbers in the model to produce results

BONUS MATERIAL: An Excel workbook with examples from the presentation is included.

Understand the impact of risk and uncertainty in prediction and forecasting models.

Interested in registering multiple sites?
Call (888) 838-5578 in the U.S. or +1 (703) 538-7600 globally
to learn about our special multisite discount.

Webinar Details:
Using Monte Carlo Simulation to Aid Your Medical Device Design
An FDAnews Webinar
Thursday, May 14, 2020 • 1:30 - 3:00 p.m. EDT
https://www.fdanews.com/montecarlosimulation

Tuition:
$287 per site

Easy Ways to Register:
Online: https://www.fdanews.com/montecarlosimulation
By phone: 888.838.5578 or 703.538.7600

About FDAnews:
FDAnews is the premier provider of domestic and international regulatory, legislative, and business news and information for executives in industries regulated by the US FDA and the European Medicines Agency. Pharmaceutical and medical device professionals rely on FDAnews' print and electronic newsletters, books and conferences to stay in compliance with international standards and the FDA's complex and ever-changing regulations

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Michelle Butler
FDAnews
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