Article ID: | iaor1991335 |
Country: | Netherlands |
Volume: | 43 |
Issue: | 2 |
Start Page Number: | 184 |
End Page Number: | 196 |
Publication Date: | Nov 1989 |
Journal: | European Journal of Operational Research |
Authors: | Nelson Barry L. |
This paper considers the combined use of control variates and batching for estimating the steady-state mean of an infinite-horizon process via simulation. Properties of the point and interval estimators from such a procedure are derived as functions of the number of batches and the number of control variates when the total sample size is fixed.