Experiment Design and Analysis

Barry L. Nelson
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Barry L. Nelson: Northwestern University

Chapter Chapter 8 in Foundations and Methods of Stochastic Simulation, 2013, pp 175-241 from Springer

Abstract: Abstract The purpose of simulation, at least in this book, is to estimate the values of performance measures of a stochastic system by conducting a statistical experiment on a computer model of it. This chapter describes principles and methods for the design and analysis of that experiment.

Keywords: Correct Selection; Gradient Estimator; Simulation Optimization; Asian Option; Infinitesimal Perturbation Analysis (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isochp:978-1-4614-6160-9_8

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DOI: 10.1007/978-1-4614-6160-9_8

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