We consider the application of antithetic variates and control variates variance reduction techniques (VRTs) in the context of steady-state simulation experiments when initial-condition bias is present. We show that, by appropriately modifying the experiment design, incorporating a VRT can improve both point and interval-estimator performance. Guidelines for notifying the experiment design are given.
|Original language||English (US)|
|Number of pages||11|
|Journal||IIE Transactions (Institute of Industrial Engineers)|
|State||Published - Dec 1990|
ASJC Scopus subject areas
- Industrial and Manufacturing Engineering