Gemayel, Nader; Stasny, Elizabeth; Tackett, James; … - In: Review of Quantitative Finance and Accounting 39 (2012) 4, pp. 413-422
This study compares the statistical precision of simple random sampling with balanced ranked set sampling in an inventory valuation scenario. Computer simulation is used to calculate standard errors for the ranked set sampling mean, and those standard errors are then compared to the...
