Combining Adaptive Budget Allocation with Surrogate Methodology in Solving Continuous Scenario-based Simulation Optimization
CASE, pp. 1509-1513, 2020.
We study the budget allocation problem in continuous scenario-based simulation optimization. Due to the constraint that multiple observations at every scenario and decision are unavailable, the original theory may fail to provide an estimation on the probability of falsely identifying the optimal decision, which enables allocating budget ...More
Full Text (Upload PDF)
PPT (Upload PPT)