Indirect cycle time quantile estimation using the Cornish-Fisher expansion

Jennifer M. Bekki, John W. Fowler, Gerald T. MacKulak, Barry L. Nelson

Research output: Contribution to journalArticlepeer-review

17 Scopus citations

Abstract

This paper proposes a technique for estimating steady-state quantiles from discrete-event simulation models, with particular attention paid to cycle time quantiles of manufacturing systems. The technique is based on the Cornish-Fisher expansion, justified through an extensive empirical study, and is supported with mathematical analysis. It is shown that the technique provides precise and accurate estimates for the most commonly estimated quantiles with minimal data storage and low computational requirements.

Original languageEnglish (US)
Pages (from-to)31-44
Number of pages14
JournalIIE Transactions (Institute of Industrial Engineers)
Volume42
Issue number1
DOIs
StatePublished - Jan 1 2010

Keywords

  • Cornish-Fisher expansion
  • Lead time setting
  • Manufacturing
  • Quantile estimation
  • Simulation

ASJC Scopus subject areas

  • Industrial and Manufacturing Engineering

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