Statistical Analysis of the Output Data from Terminating Simulations.
WISCONSIN UNIV-MADISON DEPT OF INDUSTRIAL ENGINEERING
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This paper precisely defines the two types of simulations terminating and steady-state with regard to analysis of simulation output and discuss some common measures of performance for each type. It is also concluded that a significant proportion of simulations in the real world are of the terminating type. This is contrary to the impression one gets from reading the simulation literature, where the steady-state case is almost exclusively considered. Although analyses of terminating simulations are considerably easier than are those of steady-state simulations, they have not received a careful treatment in the literature. Empirical results are given for fixed sample size, relative width, and absolute width procedures which can be used for constructing confidence intervals for measures of performance in the terminating case.
- Statistics and Probability
- Operations Research