Simulation-based optimization

ABSTRACT

In this tutorial we present an introduction to simulation-based optimization, which is, perhaps, the "hottest" topic in discrete-event simulation today. We give a precise statement of the problem being addressed and also experimental results for two commercial optimization packages applied to a manufacturing example with seven decision variables.

REFERENCES

• 1: Glover, F., J. P. Kelly, and M. Laguna, 1999. The OptQuest callable library user's documentation, Optimization Technologies, Inc., Boulder, Colorado.
• 2: Lanner Group, Inc., 1998. WITNESS optimizer module, Release 2, Houston, Texas.
• 3: Averill M. Law , David M. Kelton, Simulation Modeling and Analysis, McGraw-Hill Higher Education, 1999