Stochastic Simulation Optimization: An Optimal Computing Budget Allocation (System Engineering and Operations Research)

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Stochastic Simulation Optimization: An Optimal Computing Budget Allocation (System Engineering and Operations Research)

Description: Stochastic Simulation Optimization: An Optimal Computing Budget Allocation (System Engineering and Operations Research) is available to download With the advance of new computing technology, simulation is becoming very popular for designing large, complex and stochastic engineering systems, since closed-form analytical solutions generally do not exist for such However, the added flexibility of simulation often creates models that are computationally Moreover, to obtain a sound statistical estimate at a specified level of confidence, a large number of simulation runs (or replications) is usually required for each design If the number of design alternatives is large, the total simulation cost can be very Stochastic Simulation Optimization addresses the pertinent efficiency issue via smart allocation of computing resource in the simulation experiments for optimization, and aims to provide academic researchers and industrial practitioners with a comprehensive coverage of OCBA approach for stochastic simulation Starting with an intuitive explanation of computing budget allocation and a discussion of its impact on optimization performance, a series of OCBA approaches .This material is available do download at niSearch on 's eBooks, .Stochastic Simulation Optimization: An ... Textbook ....

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