There is nowadays a considerable interest in the field of quantum theory for computational methods well-suited to the physics of many-body systems. Considering the inherent difficulties of simulating general quantum many-body systems, the exponential increase in parameters with the size of the system, and correspondingly, the high computational costs, one solution would be to look for numerical methods that deal with special cases, where one can profit from the physics of the system. The raw approach, by directly dealing with all the parameters used to fully characterize a quantum many-body system is seriously impeded by the lavishly exponential buildup with the system size of the amount of variables needed for simulation, which leads, in the best cases, to unreasonably long computational times and extended use of memory. To get around this problem a number of various methods have been developed and put into practice in the course of time, one of the most successful ones being the quantum Monte Carlo method (QMC). Also the density matrix renormalization group (DMRG) method, next to QMC, is a very reliable method, with an expanding community of users and an increasing number of applications to physical systems.