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Bias Consideration in Simulation Experiments.

Authors :
Fishman, George S.
Source :
Operations Research; Jul/Aug72, Vol. 20 Issue 4, p785-790, 6p
Publication Year :
1972

Abstract

This paper uses a first-order autoregressive scheme to investigate the effects of initial conditions in a simulation on the estimation of the population mean of a process of interest. The effects are measured by bias and variance. The results show that the elimination of observations near the beginning of the simulation reduces bias, as intended, but increases the variance, sometimes significantly. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
0030364X
Volume :
20
Issue :
4
Database :
Complementary Index
Journal :
Operations Research
Publication Type :
Academic Journal
Accession number :
8735121
Full Text :
https://doi.org/10.1287/opre.20.4.785