Although simulation is widely used to select the best of several alternative system designs, and common random numbers … available to help a simulation practitioner select the best system when common random numbers are employed. This paper presents … new two-stage procedures that use common random numbers to help identify the best simulated system. The procedures allow …

The method of Common Random Numbers is a technique used to reduce the variance of difference estimates in simulation … determining optimal values for parameters of a simulated system. Asymptotic results exist which show that using the Common Random … more efficient optimization algorithm, and we will show that this algorithm, too, converges faster when the Common Random …

such procedures that exploit the variance-reduction technique of common random numbers to reduce the sample size required …

Common random numbers (CRN) is a widely-used technique for reducing variance in comparing stochastic systems through …