A new budget allocation framework for the expected opportunity cost

DOI10.1287/OPRE.2016.1581MaRDI QIDQ4604909zbMATH OpenOpenAlexFDO

Authors Siyang Gao, Weiwei Chen, Shi, Leyuan

Publication date 6 March 2018

Published in Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/opre.2016.1581

zbMATH Keywords

sequential proceduresimulation optimizationexpected opportunity costsimulation budget allocation

Mathematics Subject Classification ID

Resource and cost allocation (including fair division, apportionment, etc.) (91B32)

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• Simulation budget allocation for further enhancing the efficiency of ordinal optimization
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Cited in

(15)

• Optimal computing budget allocation for regression with gradient information
• Efficient simulation budget allocation for subset selection using regression metamodels
• The local time method for targeting and selection
• Cost Allocation and Opportunity Costs
• Ranking and selection for pairwise comparison
• Optimal computing budget allocation for selecting the optimal subset of multi-objective simulation optimization problems
• Convergence rate analysis for optimal computing budget allocation algorithms
• Dynamic Sampling Allocation Under Finite Simulation Budget for Feasibility Determination
• On the finite-sample statistical validity of adaptive fully sequential procedures
• Optimal computing budget allocation for the vector evaluated genetic algorithm in multi-objective simulation optimization
• Efficient estimation of a risk measure requiring two-stage simulation optimization
• Asymptotic optimality of myopic ranking and selection procedures
• Marginal improvement procedures for top-\(m\) selection
• An efficient simulation procedure for the expected opportunity cost using metamodels
• A general framework on the simulation-based optimization under fixed computing budget

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