Performance evaluations of comparison-with-a-standard procedures
Proceedings of the 38th conference on Winter simulation
A multi-objective selection procedure of determining a Pareto set
Computers and Operations Research
Proceedings of the 40th Conference on Winter Simulation
ADAPT Selection procedures to process correlated and non-normal data with batch means
Winter Simulation Conference
Some insights of using common random numbers in selection procedures
Discrete Event Dynamic Systems
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We develop two sequential procedures to compare a finite number of designs with respect to a single standard. The goal is to identify a good design, and ensure that the standard is chosen when other alternatives are not better than the standard. We give preference to the standard since there are costs and time involved when replacing the standard. These procedures can be used when the expected performance of the standard is known or unknown, when variances across designs are unequal, and with the variance reduction technique of common random numbers. An experimental performance evaluation demonstrates the validity and efficiency of these sequential procedures.