Stochastic systems simulation optimization

• Published in: Frontiers of electrical and electronic engineering in China Vol. 6; no. 3; pp. 468 - 480
• Main Authors: Chen, Chun-Hung, Shi, Leyuan, Lee, Loo Hay
• Format: Journal Article
• Language: English
• Published: Heidelberg SP Higher Education Press 01.09.2011
• Subjects: Electrical Engineering; Engineering; Research Article; simulation optimization; simulation-based decision making; ranking and selection; discrete-event systems; computing budget allocation

With the advance of new computational technology, stochastic systems simulation and optimization has become increasingly a popular subject in both academic research and industrial applications. This paper presents some of recent developments about the problem of optimizing a performance function fro...