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- Title
On the Asymptotic Validity of Fully Sequential Selection Procedures for Steady-State Simulation.
- Authors
Seong-Hee Kim; Nelson, Barry L.
- Abstract
We present fully sequential procedures for steady-state simulation that are designed to select the best of a finite number of simulated systems when "best" is defined by the largest or smallest long-run average performance. We also provide a framework for establishing the asymptotic validity of such procedures and prove the validity of our procedures. An example based on the M/M/1 queue is given.
- Subjects
SYSTEM analysis; SIMULATION methods &; models; QUEUING theory; PERFORMANCE; ASYMPTOTIC theory of system theory; STANDARD operating procedure; INDUSTRIAL management
- Publication
Operations Research, 2006, Vol 54, Issue 3, p475
- ISSN
0030-364X
- Publication type
Article
- DOI
10.1287/opre.1060.0281