Pushpa Publishing House

Journal Menu

Content

Volume 117 (2024)

Volume 116 (2023)

Volume 111 (2021)

Volume 110 (2021)

Volume 109 (2021)

Volume 108 (2020)

Volume 107 (2020)

Volume 104 (2019)

Volume 103 (2019)

Volume 102 (2019)

Volume 101 (2019)

Volume 100 (2018)

Volume 99 (2018)

Volume 98 (2018)

Volume 97 (2017)

Volume 96 (2017)

Volume 95 (2016)

Volume 94 (2016)

Volume 93 (2015)

Volume 92 (2015)

Volume 91 (2015)

Volume 90 (2015)

Volume 89 (2014)

Volume 88 (2014)

Volume 87 (2014)

Volume 86 (2014)

Volume 85 (2013)

Volume 84 (2013)

Volume 83 (2013)

Volume 82 (2013)

Volume 81 (2013)

Volume 80 (2013)

Volume 79 (2013)

Volume 78 (2013)

Volume 77 (2013)

Volume 76 (2013)

Volume 75 (2013)

Volume 74 (2013)

Volume 73 (2012)

Volume 72 (2012)

Volume 71 (2012)

Volume 70 (2012)

Volume 69 (2012)

Volume 68 (2012)

Volume 67 (2012)

Volume 66 (2012)

Volume 65 (2012)

Volume 64 (2012)

Volume 63 (2012)

Volume 62 (2012)

Volume 61 (2011)

Volume 60 (2011)

Volume 59 (2011)

Volume 58 (2011)

Volume 57 (2011)

Volume 56 (2011)

Volume 55 (2011)

Volume 54 (2011)

Volume 53 (2011)

	Volume 53, Issue 1 Pg 1 - 76 (April 2011)
	Volume 53, Issue 2 Pg 77 - 153 (April 2011)

Volume 52 (2011)

Volume 51 (2011)

Volume 50 (2011)

Volume 49 (2010)

Volume 48 (2010)

Volume 47 (2010)

Volume 46 (2010)

Volume 45 (2010)

Volume 44 (2010)

Volume 43 (2010)

Volume 42 (2010)

Volume 41 (2010)

Volume 40 (2010)

Volume 39 (2010)

Volume 38 (2010)

Volume 37 (2009)

Volume 36 (2009)

Volume 35 (2009)

Volume 34 (2009)

Volume 33 (2008)

Volume 32 (2008)

Volume 31 (2008)

Volume 30 (2008)

Volume 29 (2007)

Volume 28 (2007)

Volume 27 (2007)

Volume 26 (2007)

Volume 25 (2006)

Volume 24 (2006)

Volume 23 (2006)

Volume 22 (2006)

Volume 21 (2005)

Volume 20 (2005)

Volume 19 (2005)

Volume 18 (2005)

Volume 17 (2004)

Volume 16 (2004)

Volume 15 (2004)

Volume 14 (2004)

Volume 13 (2003)

Volume 12 (2003)

Volume 11 (2003)

Volume 10 (2003)

Volume 9 (2002)

Volume 8 (2002)

Volume 7 (2002)

Volume 6 (2002)

Volume 5 (2001)

Vol. 4 (2000)

Far East Journal of Applied Mathematics

Far East Journal of Applied Mathematics
Volume 53, Issue 2, Pages 123 - 131 (April 2011)

SELECTING A GOOD ENOUGH STOCHASTIC DESIGN
Mohammad H. Almomani, Rosmanjawati Abdul Rahman and Adam Baharum

Abstract:
Statistical selection approaches are used to select the best simulated system from a finite set of alternatives, where stochastic simulation is used to infer the value of each alternative. The best design might be the one that has the (maximum or minimum) mean. Ranking and selection procedures have been used successfully for selecting the stochastic design that has the best expected performance measure when the number of alternatives is small. Ordinal optimization concentrates on isolating a subset of good designs with high probability and also reduces the required simulation time. The aim of this approach is to find a good enough design rather than estimating the performance value accurately. Since ordinal optimization is used when the number of alternative designs is very large and therefore it is impossible to simulate all the alternatives. In this paper, we consider the problem of selecting one of the best simulated designs with high probability. To achieve this, three-stage and two-stage approaches are used to solve the stochastic optimization problem, in which, it involves the ordinal optimization and ranking and selection and also subset selection and indifference-zone procedures. The advantages and disadvantage of each approach are discussed and the numerical illustration is presented.

Keywords and phrases: statistical selection, simulation optimization, ordinal optimization, ranking and selection.

Number of Downloads: 313 | Number of Views: 670

Previous Next

P-ISSN: 0972-0960

Journal Stats

Publication count: 1711

Citation count (Google Scholar): 3755

h10-index (Google Scholar): 92

h-index (Google Scholar): 24

Downloads : 376691

Views: 1473780

Downloads/publish articles: 220.16

Citations (Google Scholar)/publish articles: 2.19

This website is best viewed at 1024x768 or higher resolution with Microsoft Internet Explorer 6 or newer.