Titlebook: Statistics and Simulation; IWS 8, Vienna, Austr Jürgen Pilz,Dieter Rasch,Karl Moder Conference proceedings 2018 Springer International Publ

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Design and Analysis of Simulation Experimentstor) types, namely first-order or second-order polynomial regression, and Kriging (or Gaussian process). The metamodel type determines the design of the simulation experiment, which determines the input combinations of the simulation model. Before applying these metamodels, the analysts should scree

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A Review of Simulation Usage in the New Zealand Electricity Marketet (NZEM). We start by describing the operation of the NZEM with a particular focus on how electricity prices are calculated for each time period. The complexity of this mechanism, in conjunction with uncertainty surrounding factors such as consumption levels, motivates the use of simulation. We wil

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