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WSC
2008
13 years 6 months ago
Simulation of stochastic hybrid systems with switching and reflecting boundaries
Modeling and simulation of biochemical systems are important tasks because they can provide insights into complicated systems where traditional experimentation is expensive or imp...
Derek Riley, Kasandra Riley
WSC
2008
13 years 6 months ago
A distribution-free tabular CUSUM chart for correlated data with automated variance estimation
We formulate and evaluate distribution-free statistical process control (SPC) charts for monitoring an autocorrelated process when a training data set is used to estimate the marg...
Joongsup Lee, Christos Alexopoulos, David Goldsman...
WSC
2008
13 years 6 months ago
Simulation as a tool for life cycle cost analysis
Life cycle cost is an essential approach to decide on alternative rehabilitation strategies for infrastructure systems. Monte Carlo simulation approach is used to develop a stocha...
Khaled Shahata, Tarek Zayed
WSC
2008
13 years 6 months ago
Reducing the variance of likelihood ratio greeks in Monte Carlo
We investigate the use of Antithetic Variables, Control Variates and Importance Sampling to reduce the statistical errors of option sensitivities calculated with the Likelihood Ra...
Luca Capriotti
WSC
2008
13 years 6 months ago
Beta approximations for bridge sampling
Paul Glasserman, Kyoung-Kuk Kim
WSC
2008
13 years 6 months ago
Automating warm-up length estimation
There are two key issues in assuring the accuracy of estimates of performance obtained from a simulation model. The first is the removal of any initialisation bias, the second is ...
Kathryn Hoad, Stewart Robinson, Ruth Davies
WSC
2008
13 years 6 months ago
Using OMG'S SYSML to support simulation
Currently, system engineering problems are solved using a wide range of domain-specific models and corresponding languages. It is unlikely that a single unified modeling language ...
Christiaan J. J. Paredis, Thomas Johnson
WSC
2008
13 years 6 months ago
The knowledge-gradient stopping rule for ranking and selection
We consider the ranking and selection of normal means in a fully sequential Bayesian context. By considering the sampling and stopping problems jointly rather than separately, we ...
Peter Frazier, Warren B. Powell
WSC
2008
13 years 6 months ago
Controls: Emulation to improve the performance of container terminals
Nowadays container terminals are struggling with a continuously increasing volume. Therefore, they are searching for solutions to increase throughput capacity without expanding th...
Csaba A. Boer, Yvo Saanen
WSC
2008
13 years 6 months ago
Analytical simulation modeling
Simulation modeling methodology research and simulation analysis methodology research have evolved into two nearly separate fields. In this paper, ways are shown how simulation mi...
Lee Schruben