Obtaining precise estimates of parameters of infinite-horizon or steady-state simulations can be expensive because of the need to discard initial outputs to mitigate the effects of initial conditions. We consider splitting independent replications at the point of output truncation into dependent replications to reduce point estimator variance and/or simulation cost.
ASJC Scopus subject areas
- Computer Science(all)
- Modeling and Simulation
- Management Science and Operations Research
- Information Systems and Management