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Automated selection of the number of replications for a discrete-event simulation
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Hoad, K., Robinson, Stewart, 1964- and Davies, R.. (2010) Automated selection of the number of replications for a discrete-event simulation. Journal of the Operational Research Society, Vol.61 (No.11). pp. 1632-1644. ISSN 0160-5682
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Official URL: http://dx.doi.org/10.1057/jors.2009.121
Abstract
Selecting an appropriate number of replications to run with a simulation model is important in assuring that the desired accuracy and precision of the results are attained with minimal effort. If too few are selected then accuracy and precision are lost; if too many are selected then valuable time is wasted. Given that simulation is often used by non-specialists, it seems important to provide guidance on the number of replications required with a model. In this paper an algorithm for automatically selecting the number of replications is described. Test results show the algorithm to be effective in obtaining coverage of the expected mean at a given level of precision and in reducing the bias in the estimate of the mean of the simulation output. The algorithm is consistent in selecting the expected number of replications required for a model output. Journal of the Operational Research Society (2010) 61, 1632-1644. doi: 10.1057/jors.2009.121 Published online 28 October 2009
| Item Type: | Journal Article |
|---|---|
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management |
| Divisions: | Faculty of Social Sciences > Warwick Business School |
| Journal or Publication Title: | Journal of the Operational Research Society |
| Publisher: | Palgrave Macmillan Ltd. |
| ISSN: | 0160-5682 |
| Date: | November 2010 |
| Volume: | Vol.61 |
| Number: | No.11 |
| Number of Pages: | 13 |
| Page Range: | pp. 1632-1644 |
| Identification Number: | 10.1057/jors.2009.121 |
| Status: | Peer Reviewed |
| Publication Status: | Published |
| Access rights to Published version: | Restricted or Subscription Access |
| Funder: | Engineering and Physical Sciences Research Council (EPSRC) |
| Grant number: | EP/D033640/1 (EPSRC) |
| URI: | http://wrap.warwick.ac.uk/id/eprint/5071 |
Data sourced from Thomson Reuters' Web of Knowledge
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