Recent advances in ranking and selection

  • Authors:
  • Seong-Hee Kim;Barry L. Nelson

  • Affiliations:
  • Georgia Institute of Technology, Atlanta, GA;Northwestern University, Evanston, IL

  • Venue:
  • Proceedings of the 39th conference on Winter simulation: 40 years! The best is yet to come
  • Year:
  • 2007

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Abstract

This tutorial provides an overview on recent advances made in ranking and selection (R&S) for selecting the best simulated system and discusses challenges that still exist in the field. We focus on indifference-zone R&S procedures that provide a guaranteed probability of correct selection when the best system is at least a user-specified amount better than the other systems.