Comparisons with a Standard in Simulation Experiments

Comparisons with a Standard 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 the standard, and if so to identify the best of the alternatives. In this paper we provide two-stage e...

a study on rate making and required reserves determination in reinsurance market: a simulation

reinsurance is widely recognized as an important instrument in the capital management of an insurance company as well as its risk management tool. this thesis is intended to determine premium rates for different types of reinsurance policies. also, given the fact that the reinsurance coverage of every company depends upon its reserves, so different types of reserves and the method of their calc...

Figures of Merit for Simultaneous Inference and Comparisons in Simulation Experiments

Simulation of advance phase in furrow irrigation by zifa model with standard cross section

Simulation, and simulation experiments

systems perspective' should help the overcoming of artificial subject barriers such as this. The work of Blunt, Duquet and Luckie was concerned with the extent of the resources needed, and the response time, of an information retrieval service, and appears to be especially useful in determining the extent to which response time is affected by the competition by queries for resources. Hertz et a...