Hesterberg, Timothy C.; Nelson, Barry L. - In: Management Science 44 (1998) 9, pp. 1295-1312
In stochastic systems, quantiles indicate the level of system performance that can be delivered with a specified … probability, while probabilities indicate the likelihood that a specified level of system performance can be achieved. We present … new estimators for use in simulation experiments designed to estimate such quantiles or probabilities of system …