Methods for system selection based on sequential mean-variance analysis

DOI10.1287/IJOC.2018.0808MaRDI QIDQ5137956zbMATH OpenOpenAlexFDO

Authors Demet Batur, Lina Wang, F. Choobineh

Publication date 3 December 2020

Published in INFORMS Journal on Computing (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/ijoc.2018.0808

zbMATH Keywords

meanriskselection proceduresimulationvariance

Mathematics Subject Classification ID

Mathematical modeling or simulation for problems pertaining to operations research and mathematical programming (90-10)

Recommendations

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• A fully sequential procedure for indifference-zone selection in simulation
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Cites work

• A fully sequential procedure for indifference-zone selection in simulation
• A lower bound for the correct subset-selection probability and its application to discrete-event system simulations
• A multiple attribute utility theory approach to ranking and selection
• A quantile-based approach to system selection
• Approximate Simulation Budget Allocation for Selecting the Best Design in the Presence of Stochastic Constraints
• Comparison with a standard via fully sequential procedures
• Computing efforts allocation for ordinal optimization and discrete event simulation
• Finding feasible systems in the presence of constraints on multiple performance measures
• Fully sequential procedures for comparing constrained systems via simulation
• scientific article; zbMATH DE number 3905637 (Why is no real title available?)
• On the Asymptotic Validity of Fully Sequential Selection Procedures for Steady-State Simulation
• On two-stage selection procedures and related probability-inequalities
• Ranking and selection for steady-state simulation: procedures and perspectives
• Sequential Estimation and Closed Sequential Decision Procedures
• Stochastic dominance based comparison for system selection

Cited in

(7)

• A quantile-based approach to system selection
• Sequential analysis of variants in system design
• Stochastic dominance based comparison for system selection
• An empirical evaluation of several methods to select the best system
• Combined variance reduction techniques in fully sequential selection procedures
• Selecting the best alternative based on its quantile
• Fully sequential indifference‐zone selection procedures with variance‐dependent sampling

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