An Improved Budget Allocation Procedure for Selecting the Best-Simulated Design in the Presence of Large Stochastic Noise
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DOI: 10.1109/access.2019.2948980
Abstract: Motivated by the increasing practical needs for simulation optimization of modern industrial systems, this paper proposes an efficient ranking and selection (R&S) procedure for selecting the best-simulated design from a finite set of alternatives in… read more here.
Keywords: best simulated; procedure selecting; procedure; budget ... See more keywords