Bayesian methods for discrete event simulation

  • Authors:
  • Stephen E. Chick

  • Affiliations:
  • INSEAD, Technology Management Area, Fontainebleau, France

  • Venue:
  • WSC '04 Proceedings of the 36th conference on Winter simulation
  • Year:
  • 2004

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Abstract

Bayesian methods are now used in a variety of ways in discrete-event simulation. Applications include input modeling, response surface modeling, uncertainty analysis, and experimental designs for field data collection, selection procedures, and response surface estimation. This paper reviews some fundamental concepts of subjective probability and Bayesian statistics that have led to results in simulation applications.