On simulating truncated stable random variables

Soltani and Shirvani (Comput Stat 25:155–161, <CitationRef CitationID="CR10">2010</CitationRef>) proposed a scheme for simulating truncated stable random variables. That involves solving a nonlinear transformation in each realization. Here, we propose alternative schemes to generate truncated stable random variables. Our schemes are more general (for example, incorporates one-sided and two-sided truncations) and are shown to be more efficient. Copyright Springer-Verlag Berlin Heidelberg 2013