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Lecture L (2020-11-24): Course Wrap-Up
IEE 475: Simulating Stochastic Systems
English - December 01, 2020 02:52Courses 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 K2 (2020-11-19): Variance Reduction Techniques, Part 2 - AVs and Importance Sampling
Next Episode: Lecture M (2020-12-01): Final Exam Review
In this wrap-up lecture, we finish the treatment of Variance Reduction Techniques (VRT's) for stochastic simulation. We cover (or review) Common Random Numbers (CRN's), Control Variates (CV's), Antithetic Variates (AV's), and Importance Sampling. The lecture ends with some brief big-picture comments about the lifelong learning process of simulation modeling.