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Lecture K1 (2021-11-18): Variance Reduction Techniques, Part 1
IEE 475: Simulating Stochastic Systems
English - November 18, 2021 20:10Courses Education simulation stochastic des dess discrete event system industrial engineering modeling Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Lecture J4 (2021-11-16): Estimation of Relative Performance
In this lecture, we wrap up our discussion of the movement from point estimation (sample means) to interval estimation for: (a) estimating absolute performance of a system, (b) estimating relative performance of two systems, and (c) estimating relative performance of more than 2 systems. We then pivot to discussing Variance Reduction Techniques (VRT's), starting with Common Random Numbers (CRN's).