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Should we model dependence and nonstationarity, and if so how?

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1 Author(s)
Henderson, S.G. ; Sch. of Operations Res. & Ind. Eng., Cornell Univ., Ithaca, NY, USA

It can be difficult to develop, fit to data, and generate from, models that capture dependence and/ or nonstationarity in simulation inputs. Should we bother? How should we go about it? We discuss these issues, focusing on three examples: call center arrivals, ambulance travel speeds and wind modeling for America's Cup races.

Published in:

Simulation Conference, 2005 Proceedings of the Winter

Date of Conference:

4-7 Dec. 2005