A fully sequential procedure for indifference-zone selection in simulation
ACM Transactions on Modeling and Computer Simulation (TOMACS)
Simulation Budget Allocation for Further Enhancing theEfficiency of Ordinal Optimization
Discrete Event Dynamic Systems
ACM Transactions on Modeling and Computer Simulation (TOMACS)
A Multiple Attribute Utility Theory Approach to Ranking and Selection
Management Science
Selecting the best system: selecting the best system: theory and methods
Proceedings of the 35th conference on Winter simulation: driving innovation
Optimal computing budget allocation for multi-objective simulation models
WSC '04 Proceedings of the 36th conference on Winter simulation
Procedures for feasibility detection in the presence of multiple constraints
WSC '05 Proceedings of the 37th conference on Winter simulation
Finding the best in the presence of a stochastic constraint
WSC '05 Proceedings of the 37th conference on Winter simulation
Simulation Modeling and Analysis (McGraw-Hill Series in Industrial Engineering and Management)
Simulation Modeling and Analysis (McGraw-Hill Series in Industrial Engineering and Management)
Ranking and selection with multiple "targets"
Proceedings of the 38th conference on Winter simulation
Simulation Allocation for Determining the Best Design in the Presence of Correlated Sampling
INFORMS Journal on Computing
Differentiated service inventory optimization using nested partitions and MOCBA
Computers and Operations Research
A new perspective on feasibility determination
Proceedings of the 40th Conference on Winter Simulation
Simulation-based optimization over discrete sets with noisy constraints
Proceedings of the Winter Simulation Conference
A minimal switching procedure for constrained ranking and selection
Proceedings of the Winter Simulation Conference
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In this paper, we consider the problem of selecting the best design from a discrete number of alternatives in the presence of a stochastic constraint via simulation experiments. The best design is the design with smallest mean of main objective among the feasible designs. The feasible designs are the designs of which constraint measure is below the constraint limit. The Optimal Computing Budget Allocation (OCBA) framework is used to tackle the problem. In this framework, we aim at maximizing the probability of correct selection given a computing budget by controlling the number of simulation replications. An asymptotically optimal allocation rule is derived. A comparison with Equal Allocation (EA) in the numerical experiments shows that the proposed allocation rule gains higher probability of correct selection.