An Introduction to the Regenerative Method for Simulation Analysis

Download or read book An Introduction to the Regenerative Method for Simulation Analysis written by M. A. Crane and published by Springer. This book was released on 1977 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this report is to provide an introduction to the regenerative method for simulation analysis. The simulations are simulations of stochastic systems, i.e., systems with random elements. The regenerative approach leads to a statistical methodology for analyzing the output of those simulations which have the property of 'starting afresh probabilistically' from time to time. The class of such simulations is very large and very important, including simulations of a broad variety of queues and queueing networks, inventory systems, inspection, maintenance, and repair operations, and numerous other situations.