Examples

Barry L. Nelson
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Barry L. Nelson: Northwestern University

Chapter Chapter 3 in Foundations and Methods of Stochastic Simulation, 2013, pp 29-40 from Springer

Abstract: Abstract None of the examples in this chapter need to be simulated; they can all be analyzed by mathematical/numerical analysis. But thinking about how to simulate them will help us understand what works, and why, for systems we do need to simulate. These examples also provide a tested for evaluating new ideas in simulation design and analysis. You may have encountered these models in other classes, but it is neither necessary to have seen them before, nor to know how the results are derived, to use them throughout the book.

Keywords: Service Time; Arrival Rate; Strike Price; European Option; Asian Option (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_3

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DOI: 10.1007/978-1-4614-6160-9_3

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