A statistical ranking and selection framework for choosing the best system design among a finite set of alternatives whose performance must be estimated, usually via simulation, with the objective of maximizing the probability of correct selection.
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Chen, C.-H., & Lee, L. H. (2010). Stochastic simulation optimization: An optimal computing budget allocation. Singapore: World Scientific.
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© 2013 Springer Science+Business Media New York
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(2013). Optimal Computing Budget Allocation. In: Gass, S.I., Fu, M.C. (eds) Encyclopedia of Operations Research and Management Science. Springer, Boston, MA. https://doi.org/10.1007/978-1-4419-1153-7_200546
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DOI: https://doi.org/10.1007/978-1-4419-1153-7_200546
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