Estimation of Expectations and Variance Components in Two-Level Nested Simulation Experiments

Estimation of Expectations and Variance Components in Two-Level Nested Simulation Experiments

When there is uncertainty in the value of parameters of the input random components of a stochastic simulation model, two-level nested simulation algorithms are used to estimate the expectation of performance variables of interest. In the outer level of the algorithm <i>n</i> observation...

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Bibliographic Details
Main Author: David Fernando Muñoz
Format: Article
Language:English
Published: MDPI AG 2023-08-01
Series:AppliedMath
Subjects:
Bayesian forecasting
stochastic simulation
parameter uncertainty
two-level simulation
Online Access:https://www.mdpi.com/2673-9909/3/3/31

Internet

https://www.mdpi.com/2673-9909/3/3/31

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