[java] Is it possible to compile java source into executable bytecode at runtime

//Assume source is a class with one constructor that takes an array of strings
//as arguments. The array is preset in the calling program and passed to all 
//compiled source files

//In this case, compile from source would truncate the extension and return
//the string name. After completing, the class name.class should exist and be 
//be possible to invoke via reflection
String name = CompileFromSource( "name.java" );

Class.forName(name).getConstructors()[0].newInstance( (Object) args);