{"430411":{"#nid":"430411","#data":{"type":"event","title":"PhD Thesis Defense - Josh McDonald","body":[{"value":"\u003Cp\u003ETITLE:\u0026nbsp; Topics in the Statistical Aspects of Simulation\u003C\/p\u003E\u003Cp\u003EABSTRACT:\u003C\/p\u003E\u003Cp\u003EIn the first part of the thesis, we apply various variance reduction techniques to the estimation of Asian averages and options and propose an easy-to-use quasi-Monte Carlo method that can provide significant variance reductions with minimal increases in computational time. We have also extended these techniques to estimate higher moments of the Asians averages.\u003C\/p\u003E\u003Cp\u003E\u003Cbr \/\u003E\u003C\/p\u003E\u003Cp\u003EIn the second part, we then use these estimated moments to efficiently implement Gram-Charlier based estimators for probability distribution functions of Asian averages and options.\u003Cbr \/\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cbr \/\u003E\u003C\/p\u003E\u003Cp\u003EFinally, in the third part, we investigate a ranking and selection application that uses post hoc analysis to determine how the circumstances of procedure termination affect the probability of correct selection.\u003C\/p\u003E\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":"","field_summary_sentence":[{"value":"PhD Thesis Defense - Josh McDonald"}],"uid":"27187","created_gmt":"2015-08-03 10:54:30","changed_gmt":"2017-04-13 21:18:59","author":"Anita Race","boilerplate_text":"","field_publication":"","field_article_url":"","field_event_time":{"event_time_start":"2015-08-11T10:00:00-04:00","event_time_end":"2015-08-11T10:00:00-04:00","event_time_end_last":"2015-08-11T10:00:00-04:00","gmt_time_start":"2015-08-11 14:00:00","gmt_time_end":"2015-08-11 14:00:00","gmt_time_end_last":"2015-08-11 14:00:00","rrule":null,"timezone":"America\/New_York"},"extras":[],"groups":[{"id":"1242","name":"School of Industrial and Systems Engineering (ISYE)"}],"categories":[],"keywords":[],"core_research_areas":[],"news_room_topics":[],"event_categories":[{"id":"1788","name":"Other\/Miscellaneous"}],"invited_audience":[{"id":"78751","name":"Undergraduate students"},{"id":"78761","name":"Faculty\/Staff"},{"id":"174045","name":"Graduate students"}],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[],"email":[],"slides":[],"orientation":[],"userdata":""}}}