Simple Procedures for Selecting the Best SimulatedSystem when the Number of Alternatives is

@inproceedings{NelsonJulie1998SimplePF,
  title={Simple Procedures for Selecting the Best SimulatedSystem when the Number of Alternatives is},
  author={LargeBarry L. NelsonJulie},
  year={1998}
}
  • LargeBarry L. NelsonJulie
  • Published 1998
In this paper we address the problem of nding the simulated system with the best (maximum or minimum) expected performance when the number of alternatives is nite, but large enough that ranking-and-selection procedures may require too much computation to be practical. Our approach is to use the data provided by the rst stage of sampling in a ranking-and-selection procedure to screen out alternatives that are not competitive and thereby avoid the (typically much larger) second-stage sample for… CONTINUE READING