Abstract
A comprehensive guide to applying three well-known variance reduction techniques (VRTs) is given, including point and interval estimators, software requirements, and guidelines for experiment design. The three techniques are antithetic variates, control variates, and random number variates. The application to finite-horizon simulation experiments is presented, and modifications for infinite-horizon experiments are discussed.
| Original language | English (US) |
|---|---|
| Title of host publication | Winter Simulation Conference Proceedings |
| Editors | Arne Thesen, Hank Grant, David W. Kelton, Madison Univ of Wisconsin-Madison |
| Publisher | ACM |
| Pages | 43-51 |
| Number of pages | 9 |
| ISBN (Print) | 0911801324 |
| State | Published - Dec 1 1987 |
ASJC Scopus subject areas
- Chemical Health and Safety
- Software
- Safety, Risk, Reliability and Quality
- Applied Mathematics
- Modeling and Simulation