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A general framework on the simulation-based optimization under fixed computing budget

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  • Lee, Loo Hay
  • Chew, Ek Peng
  • Manikam, Puvaneswari

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  • Lee, Loo Hay & Chew, Ek Peng & Manikam, Puvaneswari, 2006. "A general framework on the simulation-based optimization under fixed computing budget," European Journal of Operational Research, Elsevier, vol. 174(3), pages 1828-1841, November.
    • Handle: RePEc:eee:ejores:v:174:y:2006:i:3:p:1828-1841
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    References listed on IDEAS

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    1. David Goldsman & Seong-Hee Kim & William S. Marshall & Barry L. Nelson, 2002. "Ranking and Selection for Steady-State Simulation: Procedures and Perspectives," INFORMS Journal on Computing, INFORMS, vol. 14(1), pages 2-19, February.
    2. Stephen E. Chick & Koichiro Inoue, 2001. "New Two-Stage and Sequential Procedures for Selecting the Best Simulated System," Operations Research, INFORMS, vol. 49(5), pages 732-743, October.
    3. Unknown, 1986. "Letters," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 1(4), pages 1-9.
    4. Chen, E. Jack & Kelton, W. David, 2005. "Sequential selection procedures: Using sample means to improve efficiency," European Journal of Operational Research, Elsevier, vol. 166(1), pages 133-153, October.
    5. Yalçin Akçay & Susan H. Xu, 2004. "Joint Inventory Replenishment and Component Allocation Optimization in an Assemble-to-Order System," Management Science, INFORMS, vol. 50(1), pages 99-116, January.
    6. Alrefaei, Mahmoud H. & Alawneh, Ameen J., 2004. "Selecting the best stochastic system for large scale problems in DEDS," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 64(2), pages 237-245.
    7. Kenneth R. Baker & Michael J. Magazine & Henry L. W. Nuttle, 1986. "The Effect of Commonality on Safety Stock in a Simple Inventory Model," Management Science, INFORMS, vol. 32(8), pages 982-988, August.
    8. Leyuan Shi & Sigurdur Ólafsson, 2000. "Nested Partitions Method for Global Optimization," Operations Research, INFORMS, vol. 48(3), pages 390-407, June.
    9. Yigal Gerchak & Michael J. Magazine & A. Bruce Gamble, 1988. "Component Commonality with Service Level Requirements," Management Science, INFORMS, vol. 34(6), pages 753-760, June.
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    Cited by:

    1. Jia, Shuai & Li, Chung-Lun & Xu, Zhou, 2020. "A simulation optimization method for deep-sea vessel berth planning and feeder arrival scheduling at a container port," Transportation Research Part B: Methodological, Elsevier, vol. 142(C), pages 174-196.
    2. Atan, Zümbül & Ahmadi, Taher & Stegehuis, Clara & Kok, Ton de & Adan, Ivo, 2017. "Assemble-to-order systems: A review," European Journal of Operational Research, Elsevier, vol. 261(3), pages 866-879.
    3. Wang, Tianxiang & Xu, Jie & Hu, Jian-Qiang & Chen, Chun-Hung, 2023. "Efficient estimation of a risk measure requiring two-stage simulation optimization," European Journal of Operational Research, Elsevier, vol. 305(3), pages 1355-1365.
    4. Fei, Xin & Gülpınar, Nalân & Branke, Jürgen, 2019. "Efficient solution selection for two-stage stochastic programs," European Journal of Operational Research, Elsevier, vol. 277(3), pages 918-929.
    5. Kurth, Margaret & Keisler, Jeffrey M. & Bates, Matthew E. & Bridges, Todd S. & Summers, Jeffrey & Linkov, Igor, 2017. "A portfolio decision analysis approach to support energy research and development resource allocation," Energy Policy, Elsevier, vol. 105(C), pages 128-135.

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