TY - GEN
T1 - Ranking and selection procedures for simulation
AU - Benson, Kirk C.
AU - Goldsman, David
AU - Pritchett, Amy R.
PY - 2006
Y1 - 2006
N2 - We present sequential ranking and selection statistical procedures that determine the best simulated model configuration among competing alternatives. The best in this context denotes the largest expected value of a given performance metric. In order to run the procedures efficiently, we give algorithms using batched observations, which under certain conditions, exhibit the characteristics necessary for the appropriate application of ranking and selection procedures. We present empirical results that indicate that the sequential procedures are quite parsimonious, in terms of the number of required observations.
AB - We present sequential ranking and selection statistical procedures that determine the best simulated model configuration among competing alternatives. The best in this context denotes the largest expected value of a given performance metric. In order to run the procedures efficiently, we give algorithms using batched observations, which under certain conditions, exhibit the characteristics necessary for the appropriate application of ranking and selection procedures. We present empirical results that indicate that the sequential procedures are quite parsimonious, in terms of the number of required observations.
UR - http://www.scopus.com/inward/record.url?scp=46149115197&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=46149115197&partnerID=8YFLogxK
U2 - 10.1109/WSC.2006.323071
DO - 10.1109/WSC.2006.323071
M3 - Conference contribution
AN - SCOPUS:46149115197
SN - 1424405017
SN - 9781424405015
T3 - Proceedings - Winter Simulation Conference
SP - 179
EP - 185
BT - Proceedings of the 2006 Winter Simulation Conference, WSC
T2 - 2006 Winter Simulation Conference, WSC
Y2 - 3 December 2006 through 6 December 2006
ER -