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
Simulation with Arena
Comparisons with a Standard in Simulation Experiments
Management Science
Determination of the "best" system that meets a limit standard
WSC '05 Proceedings of the 37th conference on Winter simulation
A Bayesian approach to analysis of limit standards
Proceedings of the 39th conference on Winter simulation: 40 years! The best is yet to come
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We continue our research into the comparison, via simulation experiments, of a stochastic system to a limit standard. A limit standard is defined as a maximum and/or minimum standard. We have found that evaluation methods using proportions provide a statistically valid comparison of this family of standards. In this paper, we present the use of Wald's sequential probability ratio test (SPRT) as a comparison method. We define a fully sequential analysis procedure, as well as initial test results.