This paper considers the combined use of control variates and batching for estimating the steady-state mean of an infinite-horizon process via simulation. Properties of the point and interval estimators from such a procedure are derived as functions of the number of batches and the number of control variates when the total sample size is fixed.
- multivariate statistics
ASJC Scopus subject areas
- Computer Science(all)
- Modeling and Simulation
- Management Science and Operations Research
- Information Systems and Management