| Article ID: | iaor1995388 |
| Country: | Netherlands |
| Volume: | 14 |
| Issue: | 4 |
| Start Page Number: | 187 |
| End Page Number: | 198 |
| Publication Date: | Nov 1993 |
| Journal: | Operations Research Letters |
| Authors: | Wilson James R., Avramidis Athanassios N. |
This paper details a new control-variate splitting scheme yielding an unbiased estimator of the mean response and an unbiased estimator of the variance of the first estimator. This scheme also yields an asymptotically exact confidence interval for the mean response. The authors present analytical and empirical performance comparisons of this scheme versus other control-variate procedures.