WSC
2007
13 years 6 months ago
2007
Network reduction techniques are mainly used with exact approaches such as factoring to compute network reliability. However, exact computation of network reliability is feasible ...
WSC
2007
13 years 6 months ago
2007
Effective use of machines and headcounts is essential in manufacturing for high return of investment from expensive resources in today’s competitive business environment. It is ...
WSC
2007
13 years 6 months ago
2007
Stochastic simulations involve at least some random inputs. This introductory tutorial is meant to call attention to the need to model and generate such inputs in ways that may no...
WSC
2007
13 years 6 months ago
2007
Developing and analyzing schedules is essential for successfully controlling the time aspect of construction projects. The critical path method of scheduling is by far the most wi...
WSC
2007
13 years 6 months ago
2007
Decision making in complex environments in the face of uncertain and missing information is a daunting task. We describe a modeling and simulation based approach to providing plan...
WSC
2007
13 years 6 months ago
2007
Importance Sampling is a potentially powerful variance reduction technique to speed up simulations where the objective depends on the occurrence of rare events. However, it is cru...
WSC
2007
13 years 6 months ago
2007
We provide asymptotic expressions for the expected value and variance of the replicated batch means variance estimator when the stochastic process being simulated has an additive ...
WSC
2007
13 years 6 months ago
2007
Equity Indexed Annuities (EIAs) are popular insurance contracts. EIAs provide the insured with a guaranteed accumulation rate on their premium at maturity. In addition, the insure...
WSC
2007
13 years 6 months ago
2007
Simulation has long been a significant and powerful force for the improvement of manufacturing operations. More recently, it has been used to increase the efficiency, efficacy, an...
WSC
2007
13 years 6 months ago
2007
This paper describes the selection and automation of a method for estimating how many replications should be run to achieve a required accuracy in the output. The motivation is to...