Fully sequential indifference-zone selection procedures with variance-dependent sampling

Fully sequential indifference-zone selection procedures with variance-dependent sampling

0.00 Avg rating0 Votes
Article ID: iaor20073154
Country: United States
Volume: 53
Issue: 5
Start Page Number: 464
End Page Number: 476
Publication Date: Aug 2006
Journal: Naval Research Logistics
Authors:
Keywords: simulation
Abstract:

Fully sequential indifference-zone selection procedures have been proposed in the simulation literature to select the system with the best mean performance from a group of simulated systems. However, the existing sequential indifference-zone procedures allocate an equal number of samples to the two systems in comparison even if their variances are drastically different. In this paper we propose new fully sequential indifference-zone procedures that allocate samples according to the variances. We show that the procedures work better than several existing sequential indifference-zone procedures when variances of the systems are different.

Reviews

Required fields are marked *. Your email address will not be published.