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An Heuristic Technique for Selecting the Run-Length of Non-Terminating Steady-State SimulationsAston Business School Aston University Birmingham, B4 7ET United Kingdom Increasing the run-length of a non- terminating steady-state simulation improves confidence in the results obtained. Yet the questions need to be asked: how long should a run be and what level of confidence is obtained? This paper describes an heuristic technique for selecting the run-length which enables the user to measure the level of confidence achieved. An heuristic technique has been developed deliberately to enable implementation by both expert and non- expert users.
Key Words: simulation heuristic non- terminating steady-state run-length confidence convergence
SIMULATION, Vol. 65, No. 3,
170-179 (1995) |
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