Simulation and sensitivity estimation

Pflug, G.C. ORCID: (1996). Simulation and sensitivity estimation. In: Optimization of Stochastic Models. pp. 211-279 USA: Springer Verlag. 10.1007/978-1-4613-1449-3_4.

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We will use the word simulation exclusively for the technique to mimic a random process on a computer. Since a computer is a deterministic machine, true randomness cannot be produced. Instead, one uses algorithms, which produce values which are (to a certain extent) indistinguishable from realizations of genuine random processes.

Item Type: Book Section
Research Programs: Risk, Uncertainty, and Complexity (RUC)
Depositing User: Romeo Molina
Date Deposited: 25 May 2016 14:04
Last Modified: 27 Aug 2021 17:27

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