Abstract:
We develop new point estimators for the variance parameter of a steady-state simulation process. The estimators are based on jackknifed versions of nonoverlapping batch m...Show MoreMetadata
Abstract:
We develop new point estimators for the variance parameter of a steady-state simulation process. The estimators are based on jackknifed versions of nonoverlapping batch means, overlapping batch means, and standardized time series variance estimators. The new estimators have reduced bias-and can be manipulated to reduce their variance and mean-squared error-compared with their predecessors, facts which we demonstrate analytically and empirically.
Published in: 2015 Winter Simulation Conference (WSC)
Date of Conference: 06-09 December 2015
Date Added to IEEE Xplore: 18 February 2016
ISBN Information:
Electronic ISSN: 1558-4305