New procedures for selection among (simulated) alternatives

  • Authors:
  • Edward J. Dudewicz

  • Affiliations:
  • -

  • Venue:
  • WSC '77 Proceedings of the 9th conference on Winter simulation - Volume 1
  • Year:
  • 1977

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Abstract

“Ranking and selection” procedures were developed for use in situations where the experimenter's goal is to “select the best” (selection) or to “rank competing alternatives” (ranking). These are typical goals when a simulation study is performed, often in order to select that one of several procedures (for running a real-world system) which is best (with regard to a specified criterion of goodness). Therefore these procedures have become a standard analysis method in simulation work in recent years (e.g., see the references in (8)). In this paper we: review some of the selection procedures most often found useful in design and analysis of simulation experiments; discuss some other important procedures and related problems; and state some unsolved statistical problems of importance in simulation work.