New point and interval estimators for quantiles that employ a control variate are introduced. The properties of these estimators do not depend on the usual assumption of joint normality between the random variable of interest and the control. Illustrative examples for queueing and stochastic...

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...

We consider the problem of comparing a finite number of stochastic systems with respect to a single system (designated as the "standard") via simulation experiments. The comparison is based on expected performance, and the goal is to determine if any system has larger expected performance than...