The Monte Carlo and discrete-event simulation code associated with the Simulation 101 pre-conference workshop (offered at the 2006, 2007, and 2008 Winter Simulation Conferences) i...
A simulation was commissioned to understand the interactions that constrain the capacity of a steel plant. The aim was for this to become a reusable tool that could evaluate the e...
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...
Typically, system dynamics-based simulations of business processes are constructed in an ad hoc manner, with a modeler creating low-level components and defining interrelationship...
Characterizing the transient behavior of queueing systems is a difficult problem, which has been addressed by either simplified analytical models or simulation. We seek to capture...