Stochastic simulation research in management science

Barry L. Nelson*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

27 Scopus citations

Abstract

When the simulation department of Management Science was created in 1978 it ushered in an era of significant methodological advances in stochastic simulation. However, the foundation for the field - not just the work that has been published in Management Science - was provided by two papers published long before simulation had its own department in the journal. We will review the seminal papers of Conway, Johnson, and Maxwell (1959) and Conway (1963), and then trace their impact through eight award-winning papers that appeared much later in Management Science.

Original languageEnglish (US)
Pages (from-to)855-868
Number of pages14
JournalManagement Science
Volume50
Issue number7
DOIs
StatePublished - Jul 2004

Keywords

  • Experiment design
  • Output analysis
  • Regenerative model
  • Simulation
  • Variance reduction

ASJC Scopus subject areas

  • Strategy and Management
  • Management Science and Operations Research

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