Discrete optimization via simulation

Jeff HONG, B L NELSON, J XU*

*Corresponding author for this work

    Research output: Chapters, Conference Papers, Creative and Literary WorksRGC 12 - Chapter in an edited book (Author)peer-review

    55 Citations (Scopus)

    Abstract

    This chapter describes tools and techniques that are useful for optimization via simulation—maximizing or minimizing the expected value of a performance measure of a stochastic simulation—when the decision variables are discrete. Ranking and selection, globally and locally convergent random search and ordinal optimization are covered, along with a collection of “enhancements” that may be applied to many different discrete optimization via simulation algorithms. We also provide strategies for using commercial solvers.
    Original languageEnglish
    Title of host publicationInternational Series in Operations Research and Management Science
    EditorsMichael C. Fu
    Place of PublicationNew York, NY
    PublisherSpringer New York
    Pages9-44
    Volume216
    ISBN (Electronic)9781493913848
    ISBN (Print)9781493913831
    DOIs
    Publication statusPublished - 2015

    Publication series

    NameInternational Series in Operations Research and Management Science
    Volume216
    ISSN (Print)0884-8289

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