Bibliographic Details
| Title: |
Fifty years of stochastic simulation: Where we are and where we need to go. |
| Authors: |
Hong, L. Jeff1 (AUTHOR) lhong@umn.edu, Nelson, Barry L.2 (AUTHOR) |
| Source: |
European Journal of Operational Research. May2026, Vol. 330 Issue 3, p701-714. 14p. |
| Subjects: |
Simulation methods & models, Operations research, Dynamical systems, Monte Carlo method, Uncertainty (Information theory) |
| Abstract: |
Stochastic computer simulation is the go-to tool for operational researchers designing and improving complex systems that must perform in the face of uncertainty. In this article, we reflect on key advances in simulation analysis methodology over the past 50 years and speculate on future research directions, employing three recent real applications of simulation to ground our discussion. • Reflect on key advances in simulation analysis methodology over the past 50 years. • Speculate on future research directions of stochastic simulation. • Employ three recent real applications of simulation to ground our discussion. [ABSTRACT FROM AUTHOR] |
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| Database: |
Engineering Source |
