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metamodel that preserves this known shape, this article uses bootstrapping (or resampling). Parametric bootstrapping assuming …-event simulation) using distribution-free bootstrapping. In stochastic simulation, the analysts should simulate each input combination … variation, so the Kriging metamodel does not need to interpolate the average outputs. Bootstrapping provides a simple method for …
Persistent link: https://www.econbiz.de/10014203752
are binding; it applies bootstrapping (resampling) to test the estimated gradients in the KKT conditions. The new …
Persistent link: https://www.econbiz.de/10014049484
This paper derives a novel procedure for testing the Karush-Kuhn-Tucker (KKT) first-order optimality conditions in models with multiple random responses.Such models arise in simulation-based optimization with multivariate outputs. This paper focuses on expensive simulations, which have small...
Persistent link: https://www.econbiz.de/10014062609
The optimal minimum distance (OMD) estimator for models of covariance structures is asymptotically efficient but has much worse finite-sample properties than does the equally-weighted minimum distance (EWMD) estimator. This paper shows how the bootstrap can be used to improve the finite-sample...
Persistent link: https://www.econbiz.de/10014075738
acceptable confidence intervals and estimates of the optimal input combination. This conclusion is based on bootstrapping and …
Persistent link: https://www.econbiz.de/10014038647
Distribution-free bootstrapping of the replicated responses of a given discreteevent simulation model gives … analysis than classic Kriging; i.e., bootstrapping gives lower MSE and confidence intervals with higher coverage and the same …
Persistent link: https://www.econbiz.de/10014166285
estimator uses parametric bootstrapping. Classic EI and bootstrapped EI are compared through four popular test functions …
Persistent link: https://www.econbiz.de/10013141684
This Master thesis investigates the semi-parametric estimation method Maximum Score of Manski (1988) that can be used to estimate binary choice models. This method only asumes that the median of the disturbances of the econometric model takes the value zero. We compare Maximum Score with the...
Persistent link: https://www.econbiz.de/10008794649
Persistent link: https://www.econbiz.de/10005556298
A decision maker tests whether the gradient of the loss function evaluated at a judgmental decision is zero. If the test does not reject, the action is the judgmental decision. If the test rejects, the action sets the gradient equal to the boundary of the rejection region. This statistical...
Persistent link: https://www.econbiz.de/10012422174