Ranking and selection procedures for simulation

Kirk C. Benson, David Goldsman, Amy R. Pritchett

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Citation (Scopus)

Abstract

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.

Original languageEnglish (US)
Title of host publicationProceedings of the 2006 Winter Simulation Conference, WSC
Pages179-185
Number of pages7
DOIs
StatePublished - Dec 1 2006
Event2006 Winter Simulation Conference, WSC - Monterey, CA, United States
Duration: Dec 3 2006Dec 6 2006

Publication series

NameProceedings - Winter Simulation Conference
ISSN (Print)0891-7736

Other

Other2006 Winter Simulation Conference, WSC
CountryUnited States
CityMonterey, CA
Period12/3/0612/6/06

All Science Journal Classification (ASJC) codes

  • Software
  • Modeling and Simulation
  • Computer Science Applications

Cite this

Benson, K. C., Goldsman, D., & Pritchett, A. R. (2006). Ranking and selection procedures for simulation. In Proceedings of the 2006 Winter Simulation Conference, WSC (pp. 179-185). [4117603] (Proceedings - Winter Simulation Conference). https://doi.org/10.1109/WSC.2006.323071
Benson, Kirk C. ; Goldsman, David ; Pritchett, Amy R. / Ranking and selection procedures for simulation. Proceedings of the 2006 Winter Simulation Conference, WSC. 2006. pp. 179-185 (Proceedings - Winter Simulation Conference).
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Benson, KC, Goldsman, D & Pritchett, AR 2006, Ranking and selection procedures for simulation. in Proceedings of the 2006 Winter Simulation Conference, WSC., 4117603, Proceedings - Winter Simulation Conference, pp. 179-185, 2006 Winter Simulation Conference, WSC, Monterey, CA, United States, 12/3/06. https://doi.org/10.1109/WSC.2006.323071

Ranking and selection procedures for simulation. / Benson, Kirk C.; Goldsman, David; Pritchett, Amy R.

Proceedings of the 2006 Winter Simulation Conference, WSC. 2006. p. 179-185 4117603 (Proceedings - Winter Simulation Conference).

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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Benson KC, Goldsman D, Pritchett AR. Ranking and selection procedures for simulation. In Proceedings of the 2006 Winter Simulation Conference, WSC. 2006. p. 179-185. 4117603. (Proceedings - Winter Simulation Conference). https://doi.org/10.1109/WSC.2006.323071