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| Content Provider | IEEE Xplore Digital Library |
|---|---|
| Author | April, J. Glover, F. Kelly, J.P. Laguna, M. |
| Copyright Year | 2003 |
| Description | Author affiliation: OptTek Syst., Boulder, CO, USA (April, J.; Glover, F.; Kelly, J.P.; Laguna, M.) |
| Abstract | The merging of optimization and simulation has seen a rapid growth in recent years. A Google search on "Simulation Optimization" returns more than six thousand pages where this phrase appears. The content of these pages ranges from articles, conference presentations and books to software, sponsored work and consultancy. This is an area that has sparked as much interest in the academic world as in practical settings. In this paper, we first summarize some of the most relevant approaches that have been developed for the purpose of optimizing simulated systems. We then concentrate on the metaheuristic black-box approach that leads the field of practical applications and provide some relevant details of how this approach has been implemented and used in commercial software. Finally, we present an example of simulation optimization in the context of a simulation model developed to predict performance and measure risk in a real world project selection problem. |
| Sponsorship | American Statistical Assoc. Assoc. for Comput. Machinery, Special Interest Group on Simulation IEEE Comput. Soc. IEEE Systems, Man and Cybernetics Soc. IIE Inst. for Oper. Res. and the Management Sci. College on Simulation Nat. Inst. of Standards and Technol. Soc. for Mideling and Simulation Int |
| Starting Page | 71 |
| Ending Page | 78 |
| File Size | 574134 |
| Page Count | 8 |
| File Format | |
| ISBN | 0780381319 |
| DOI | 10.1109/WSC.2003.1261410 |
| Language | English |
| Publisher | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Publisher Date | 2003-12-07 |
| Publisher Place | USA |
| Access Restriction | Subscribed |
| Rights Holder | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Subject Keyword | Context modeling Predictive models Response surface methodology Analytical models Production facilities Constraint optimization Merging Books Application software Risk analysis |
| Content Type | Text |
| Resource Type | Article |
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