Please use this identifier to cite or link to this item: https://doi.org/10.1109/COASE.2008.4626453
Title: Optimal sampling in design of experiment for simulation-based stochastic optimization
Authors: Brantley, M.W.
Lee, L.H. 
Chen, C.-H.
Chen, A.
Issue Date: 2008
Source: Brantley, M.W., Lee, L.H., Chen, C.-H., Chen, A. (2008). Optimal sampling in design of experiment for simulation-based stochastic optimization. 4th IEEE Conference on Automation Science and Engineering, CASE 2008 : 388-393. ScholarBank@NUS Repository. https://doi.org/10.1109/COASE.2008.4626453
Abstract: Simulation can be a very powerful tool to help decision making in many applications such as semiconductor manufacturing or healthcare, but exploring multiple courses of actions can be time consuming. We propose an optimal computing budget allocation (OCBA) method to improve the efficiency of simulation optimization using parametric regression. The approach proposed here, called OCBA-DOE, incorporates information from across the domain into a regression equation in order to efficiently allocate the simulation replications to improve the decision process. Asymptotic convergence rates of the OCBA-DOE method indicate that it offers a significant improvement when compared to a naïve allocation scheme and the traditional OCBA method. Numerical experiments reinforce these results. ©2008 IEEE.
Source Title: 4th IEEE Conference on Automation Science and Engineering, CASE 2008
URI: http://scholarbank.nus.edu.sg/handle/10635/72364
ISBN: 9781424420230
DOI: 10.1109/COASE.2008.4626453
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