Variance Reduction in the Presence of Initial-Condition Bias
- 1 December 1990
- journal article
- research article
- Published by Taylor & Francis in IIE Transactions
- Vol. 22 (4) , 340-350
- https://doi.org/10.1080/07408179008964188
Abstract
We consider the application of antithetic variates and control variates variance reduction techniques (VRTs) in the context of steady-state simulation experiments when initial-condition bias is present. We show that, by appropriately modifying the experiment design, incorporating a VRT can improve both point and interval-estimator performance. Guidelines for modifying the experiment design are given.Keywords
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