Article ID: | iaor20023525 |
Country: | United States |
Volume: | 15 |
Issue: | 4 |
Start Page Number: | 481 |
End Page Number: | 494 |
Publication Date: | Jan 2001 |
Journal: | Probability in the Engineering and Informational Sciences |
Authors: | Ross S.M., Lin K.Y. |
Keywords: | programming: probabilistic |
Variance reduction techniques are often underused in simulation studies. In this article, we indicate how certain ones can be efficiently employed when analyzing queuing models. The first technique considered is that of dynamic stratified sampling; the second is the utilization of multiple control variates; the third concerns the replacement of random variables by their conditional expectations when trying to estimate the expected value of a sum of random variables.