How the performance of simulated system is measured?
Performance measures from simulation studies are estimates, based on a finite number of repeated samples from a data-generating process, and thus include some random error. When interpreting performance measures, it is important to consider how large the estimation error is.
What is performance in simulation?
A performance simulation test is used by organizations as a way of evaluating candidates for a job position. The basic premise of performance simulation test is to observe the candidate perform the actual job in a controlled environment.