How to apply Monte Carlo simulation techniques in Financial sector ?

This is much too general a question, so I don't think that you're going to get much in the way of answers!

Thanks for your reply..

I specificilly need this to apply in portfolio management..

Some possible reference link will also do..

Regards

Harvinder

YOu could look at www.wilmott.com or the book Monte Carlo methods in finance by Peter Jaeckel -- this also tells you how to increase the roots of primitive polynomials for Sobol sequences (usefulfor Monte Carlo)....

Mark Rowell

Just came across this book after reading your post:

- Monte Carlo Methods in Finance (http://www.amazon.com/gp/redirect.html?ie=UTF8&location=http%3A%2F%2Fwww.amazon.com%2FMonte-Carlo-Methods-Finance-Jaeckel%2Fdp%2F047149741X&tag=rafsblo-20&linkCode=ur2&camp=1789&creative=9325)

Hope it helps.

- Rafael