Article ID: | iaor19881274 |
Country: | United States |
Volume: | 21 |
Issue: | 1 |
Start Page Number: | 35 |
End Page Number: | 49 |
Publication Date: | Mar 1989 |
Journal: | IIE Transactions |
Authors: | Suri Rajan, Leung Ying Tat |
Keywords: | queues: theory, statistics: empirical |
Simulation modeling has been widely used to analyze complex stochastic systems, such as, to compute some performance measures of a modern manufacturing facility. Often, we are interested in optimizing these performance measures of the system with respect to some controllable parameters. Traditional methods to find an optimum of a simulation model usually require making a number of simulation runs, which can be computationally intensive. This study proposes a stochastic optimization method to optimize a simulation model in a single simulation run, with the potential of large savings in computational effort. Two algorithms based on this method are developed and evaluated empirically using an