Recursive simulation is the technique of having simulated decisionmakers themselves use simulation to inform their decisionmaking. Issues of efficiency require that the recursive ...
A simulation model is composed of inputs and logic; the inputs represent the uncertainty or randomness in the system, while the logic determines how the system reacts to the uncer...
This paper reviews the use of Monte Carlo simulation in the field of financial engineering. It focuses on several interesting topics and introduces their recent development, inc...
We assume the existence of a parameterized family of control variates that could be used in a regenerative steady-state simulation. We show how such controls can be generated in t...
Control of infectious diseases is a key global health priority. This paper describes the role that simulation can play in evaluating policies for infectious disease control. We de...