Estimating steady state mean from short transient simulations
WSC '96 Proceedings of the 28th conference on Winter simulation
The threshold bootstrap and threshold jackknife
Computational Statistics & Data Analysis
A fully sequential procedure for indifference-zone selection in simulation
ACM Transactions on Modeling and Computer Simulation (TOMACS)
Simulation Modeling and Analysis
Simulation Modeling and Analysis
Ranking and Selection for Steady-State Simulation: Procedures and Perspectives
INFORMS Journal on Computing
Selecting the best system: selecting the best system: theory and methods
Proceedings of the 35th conference on Winter simulation: driving innovation
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We present a new method of selecting the best of several competing system designs on the basis of expected steady-state performance. The method uses a new form of time-series bootstrap in a sequential hypothesis testing frame-work. We illustrate the efficiency of the new method by comparing its results against the current state of the art in a series of simulation experiments. The new method achieves equal or greater probability of correct selection of the best system with substantial savings in the number of simulation observations required for the decision.