Some topics for simulation optimization

@article{Fu2008SomeTF,
  title={Some topics for simulation optimization},
  author={Michael C. Fu and Chun-Hung Chen and Leyuan Shi},
  journal={2008 Winter Simulation Conference},
  year={2008},
  pages={27-38}
}
We give a tutorial introduction to simulation optimization. We begin by classifying the problem setting according to the decision variables and constraints, putting the setting in the simulation context, and then summarize the main approaches to simulation optimization. We then discuss three topics in more depth: optimal computing budget allocation, stochastic gradient estimation, and the nested partitions method. We conclude by briefly discussing some related research and currently available… CONTINUE READING
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