Ordinal optimisation and simulation

Ordinal optimisation and simulation

0.00 Avg rating0 Votes
Article ID: iaor20012070
Country: United Kingdom
Volume: 51
Issue: 4
Start Page Number: 490
End Page Number: 500
Publication Date: Apr 2000
Journal: Journal of the Operational Research Society
Authors: , , ,
Abstract:

Simulation plays a vital role in designing and analysing stochastic systems, particularly in comparing alternative system designs with a view to optimise system performance. Using simulation to analyse complex systems, however, can be both prohibitively expensive and time consuming. Efficiency is a key concern for the application of simulation to optimisation problems. Ordinal optimisation has emerged as an effective approach to significantly improve efficiency of simulation and optimisation. Ordinal optimisation for simulation problems achieves an exponential convergence rate. There are already several success stories of ordinal optimisation. This paper introduces the idea of ordinal optimisation, and reports some recent advances in this research. It also gives details of an extension of ordinal optimisation to a class of resource application problems.

Reviews

Required fields are marked *. Your email address will not be published.