Variance Reduction Techniques and Quasi-Monte Carlo

Computer speeds continue to increase. At the same time, the complexity and realism of simulations also continues to increase. For example, 20 replicates of the voting systems simulation in Chap. 7 involve approximately 10 million simulated voters. Currently, a standard PC requires several minutes to yield the expected worst precinct closing time estimate. In 5 years, the identical simulation might require less than a single minute. Yet, we might choose to include in the simulation details about registration process and voter demographics so that the resulting time might require more than 10 min again.