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mcerp 0.10

Real-time latin-hypercube-sampling-based Monte Carlo Error Propagation

Package Documentation

Latest Version: 0.10.1

Overview

mcerp is a stochastic calculator for Monte Carlo methods that uses latin-hypercube sampling to perform non-order specific error propagation (or uncertainty analysis).

If you are familiar with Excel-based risk analysis programs like @Risk, Crystal Ball, ModelRisk, etc., this package will work wonders for you (and probably even be faster!) and give you more modelling flexibility with the powerful Python language.

With this package you can easily and transparently track the effects of uncertainty through mathematical calculations. Advanced mathematical functions, similar to those in the standard math module, and statistical functions like those in the scipy.stats module, can also be evaluated directly.

What's New In This Release

  • Extensive support for scipy.stats statistical functions (like linregress, wilcoxon, bayes_mvs, scoreatpercentile, etc.) in the sub-module mcerp.stats. The syntax is the same as the original scipy functions, but now you can use objects created with MCERP as input to the args of the functions (keyword-arguments not yet supported).

  • The math and statistical functions are now imported a little easier:

    >>> from mcerp.umath import *  # imports the math functions
    >>> from mcerp.stats import *  # imports the statistical functions
    
  • New distribution constructors (see the package documentation for help with the syntax and links to more detailed information about each):

    • Bradford
    • Burr
    • Erf
    • Erlang
    • ExtremeValueMax or EVMax
    • ExtremeValueMin or EVMin
    • PERT
  • Aliased names for many other distributions (i.e., either can be used to create the same distribution, like, N(0, 1) is the same as Normal(0, 1)):

    • ChiSquared or Chi2
    • Exponential or Exp
    • Fisher or F
    • LogNormal or LogN
    • Normal or N
    • StudentT or T
    • Triangular or Tri
    • Uniform or U
    • Weibull or Weib
    • Bernoulli or Bern
    • Binomial or B
    • Geometric or G
    • Hypergeometric or H
    • Poisson or Pois

Main Features

  1. Transparent calculations. No or little modification to existing code required.
  2. Basic NumPy support without modification. (I haven't done extensive testing, so please let me know if you encounter bugs.)
  3. Advanced mathematical functions supported through the mcerp.umath sub-module. If you think a function is in there, it probably is. If it isn't, please request it!
  4. Easy statistical distribution constructors. The location, scale, and shape parameters follow the notation in the respective Wikipedia articles.
  5. Correlation enforcement and variable sample visualization capabilities.
  6. Probability calculations using conventional comparison operators.
  7. Advanced Scipy statistical function compatibility with package functions.

Installation

Required Packages

The following packages should be installed automatically (if using pip or easy_install), otherwise they will need to be installed manually:

These packages come standard in Python(x,y), Spyder, and other scientific computing python bundles.

How to install

You have several easy, convenient options to install the mcerp package (administrative privileges may be required)

  1. Simply copy the unzipped mcerp-XYZ directory to any other location that python can find it and rename it mcerp.

  2. From the command-line, do one of the following:

    1. Manually download the package files below, unzip to any directory, and run:

      $ [sudo] python setup.py install
      
    2. If setuptools is installed, run:

      $ [sudo] easy_install --upgrade mcerp
      
    3. If pip is installed, run:

      $ [sudo] pip install --upgrade mcerp
      

Python 3

To use this package with Python 3.x, you will need to run the 2to3 conversion tool at the command-line using the following syntax while in the unzipped mcerp directory:

$ 2to3 -w .

This should take care of the main changes required. Then, run:

$ python3 setup.py install

If bugs continue to pop up, please email the author.

You can also get the bleeding-edge code from GitHub (though I can't promise there won't be stability issues...).

See also

Contact

Please send feature requests, bug reports, or feedback to Abraham Lee.

 
File Type Py Version Uploaded on Size
mcerp-0.10.tar.gz (md5) Source 2013-12-10 21KB
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