Automated estimation and variance reduction for steady-state simulations

@inproceedings{Aonuevo1986AutomatedEA,
  title={Automated estimation and variance reduction for steady-state simulations},
  author={Rowena A{\~n}onuevo and Barry L. Nelson},
  booktitle={Winter Simulation Conference},
  year={1986}
}
We present an automated procedure that interfaces with SIMSCRIPT II.5 simulation experiments to derive point and interval estimators for steady-state parameters of stochastic simulations. The procedure combines the nonoverlapping batch means method of output analysis and the control variates variance reduction technique. Batch size and control variates are… CONTINUE READING