Output Analysis for Steady-State Simulation Using Lyapunov Exponent in Chaos Theory

This paper proposes a sequential procedure which can be used to determine a truncation point and run length to reduce or remove bias owing to artificial startup conditions in simulations aimed at estimating steady-state behavior. It is based on the idea of Lyapunov exponent in chaos theory. The performance measures considered are relative bias, coverage, estimated relative half-width of the confidence interval, and mean amount of deleted data.