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Persistent link: https://www.econbiz.de/10011091733
Many simulation practitioners can get more from their analyses by using the statistical theory on design of experiments ….Furthermore, we provide a research agenda listing problems in the design of simulation experiments -as opposed to real world … of a particular simulation model or system; (2) finding robust decisions or policies; and (3) comparing the merits of …
Persistent link: https://www.econbiz.de/10011091852
and a simulation study.The simulation study shows that due to order sharing transportation costs may decrease by 5 to 15 …
Persistent link: https://www.econbiz.de/10011092136
. We formulate this intrinsic Kriging as a metamodel in deterministic and random simulation models. For random simulation …
Persistent link: https://www.econbiz.de/10011092372
Persistent link: https://www.econbiz.de/10011092396
This expository paper discusses the relationships among metamodels, simulation models, and problem entities. A … metamodel or response surface is an approximation of the input/output function implied by the underlying simulation model. There …
Persistent link: https://www.econbiz.de/10011092434
Whenever simulation requires much computer time, interpolation is needed. There are several interpolation techniques in … geostatistics by D.G.Krige, and has recently been widely applied in deterministic simulation.This paper, however, focuses on random … or stochastic simulation.Essentially, Kriging gives more weight to 'neighbouring' observations.There are several types of …
Persistent link: https://www.econbiz.de/10011092435
This paper proposes a novel method to select an experimental design for interpolation in random simulation.(Though the ….)Assuming that simulation requires much computer time, it is important to select a design with a small number of observations (or … simulation runs).The proposed method is therefore sequential.Its novelty is that it accounts for the specific input …
Persistent link: https://www.econbiz.de/10011092526
Sensitivity analysis in investment problems is an important tool to determine which factors can jeopardize the future of the investment.Information on the probability distribution of those factors that affect the investment is mostly lacking.In those situations the analysts have two options: (i)...
Persistent link: https://www.econbiz.de/10011092532
This paper proposes a novel method to select an experimental design for interpolation in simulation.Though the paper … focuses on Kriging in deterministic simulation, the method also applies to other types of metamodels (besides Kriging), and to … stochastic simulation.The paper focuses on simulations that require much computer time, so it is important to select a design …
Persistent link: https://www.econbiz.de/10011092545