Estimating Relationships in Simulation Models Using Regression: An Application to Military Retirement Costing,
Abstract
This article demonstrates a procedure for using regression analysis to develop estimating equations that simply and quickly predict the effects on system performance of changes in parametric values of complex interrelation-ships imbedded in a full mathematical simulation model. Though a analytic solution to the relationships may be possible, the time and other resources necessary to generate such a solution may exceed those available. The resulting estimating equations facilitate understanding of the system being simulated, enable users to more easily conduct sensitivity analysis and answer what-if questions, and assist the selling of the simulation results to potential users. The procedure includes criteria for selection of: variables to be analyzed, the sensitivity range, the value increments, and the functional form. The example utilized is a simulation model developed for estimating future military retirement costs. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 01, 1985
- Accession Number
- ADA165186
Entities
People
- Donald F. Smith Jr
- George W. Thomas
- Kenneth J. Euske
Organizations
- Naval Postgraduate School