| Article ID: | iaor20081506 |
| Country: | United States |
| Volume: | 54 |
| Issue: | 3 |
| Start Page Number: | 475 |
| End Page Number: | 488 |
| Publication Date: | May 2006 |
| Journal: | Operations Research |
| Authors: | Nelson Barry L., Kim Seong-Hee |
| Keywords: | queues: theory |
We present fully sequential procedures for steady-state simulation that are designed to select the best of a finite number of simulated systems when ‘best’ is defined by the largest or smallest long-run average performance. We also provide a framework for establishing the asymptotic validity of such procedures and prove the validity of our procedures. An example based on the M/M/1 queue is given.