What is the advantage of using ADMB?
The main advantages are speed, accuracy, stability, and the ability to build large models. ADMB has been estimated to perform faster at solving complex optimization problems than the numerical programming languages GAUSS, MATLAB, S-PLUS, and R. In one example, ADMB solved a minimization problem with 100 parameters in 3 seconds, while the “nlminb” function in R took 93 minutes to achieve the same solution (see http://otter-rsch.ca/tresults.htm for code of both models).
