A New Budget Allocation Framework for the Expected Opportunity Cost

DOI10.1287/opre.2016.1581zbMath1407.91142OpenAlexW2601522716MaRDI QIDQ4604909

Siyang Gao, Shi, Leyuan, Wei-Wei Chen

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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Dynamic Sampling Allocation Under Finite Simulation Budget for Feasibility Determination, Optimal computing budget allocation for the vector evaluated genetic algorithm in multi-objective simulation optimization, Optimal computing budget allocation for regression with gradient information, An efficient simulation procedure for the expected opportunity cost using metamodels, Ranking and selection for pairwise comparison, On the finite-sample statistical validity of adaptive fully sequential procedures, Asymptotic optimality of myopic ranking and selection procedures, Convergence rate analysis for optimal computing budget allocation algorithms, Efficient simulation budget allocation for subset selection using regression metamodels, The Local Time Method for Targeting and Selection, Efficient estimation of a risk measure requiring two-stage simulation optimization

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