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Discrete-event simulation optimization using ranking, selection, and multiple comparison procedures: A survey

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Abstract

An important use for discrete-event simulation models lies in comparing and contrasting competing design alternatives without incurring any physical costs. This article presents a survey of the literature for two widely used classes of statistical methods for selecting the best design from among a finite set of k alternatives: ranking and selection (R&S) and multiple comparison procedures (MCPs). A comprehensive survey of each topic is presented along with a summary of recent unified R&S-MCP approaches. Procedures are recommended based on their statistical efficiency and ease of application; guidelines for procedure application are offered.

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        cover image ACM Transactions on Modeling and Computer Simulation
        ACM Transactions on Modeling and Computer Simulation  Volume 13, Issue 2
        April 2003
        105 pages
        ISSN:1049-3301
        EISSN:1558-1195
        DOI:10.1145/858481
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