IDEAS home Printed from https://ideas.repec.org/a/inm/oropre/v43y1995i4p633-640.html
   My bibliography  Save this article

Two-Stage Multiple Comparisons with the Best for Computer Simulation

Author

Listed:
  • Frank J. Matejcik

    (South Dakota School of Mines and Technology, Rapid City, South Dakota)

  • Barry L. Nelson

    (Northwestern University, Evanston, Illinois)

Abstract

We consider the problem of comparing a small number of stochastic systems via computer simulation when the basis for comparison is the expected value of some system performance measure. To solve this problem we develop two-stage sampling procedures that provide confidence intervals for the difference between the expected performance of each system and the best of the others. These confidence intervals are valid under mild conditions, and the procedures allow the experimenter to specify the desired precision in advance. Special cases of our results include standard indifference-zone selection procedures. The paper includes guidelines for experiment design and an illustrative example.

Suggested Citation

  • Frank J. Matejcik & Barry L. Nelson, 1995. "Two-Stage Multiple Comparisons with the Best for Computer Simulation," Operations Research, INFORMS, vol. 43(4), pages 633-640, August.
    • Handle: RePEc:inm:oropre:v:43:y:1995:i:4:p:633-640
    DOI: 10.1287/opre.43.4.633
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/opre.43.4.633
    Download Restriction: no
    File URL: https://libkey.io/10.1287/opre.43.4.633?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Barry L. Nelson & David Goldsman, 2001. "Comparisons with a Standard in Simulation Experiments," Management Science, INFORMS, vol. 47(3), pages 449-463, March.
    2. Sigurdur Ólafsson, 2004. "Two-Stage Nested Partitions Method for Stochastic Optimization," Methodology and Computing in Applied Probability, Springer, vol. 6(1), pages 5-27, March.
    3. Stephen E. Chick & Koichiro Inoue, 2001. "New Two-Stage and Sequential Procedures for Selecting the Best Simulated System," Operations Research, INFORMS, vol. 49(5), pages 732-743, October.
    4. Wang, Honggang, 2012. "Retrospective optimization of mixed-integer stochastic systems using dynamic simplex linear interpolation," European Journal of Operational Research, Elsevier, vol. 217(1), pages 141-148.
    5. John Butler & Douglas J. Morrice & Peter W. Mullarkey, 2001. "A Multiple Attribute Utility Theory Approach to Ranking and Selection," Management Science, INFORMS, vol. 47(6), pages 800-816, June.
    6. Nakayama, Marvin K., 2007. "Fixed-width multiple-comparison procedures using common random numbers for steady-state simulations," European Journal of Operational Research, Elsevier, vol. 182(3), pages 1330-1349, November.
    7. Sidney Yakowitz & Pierre L'Ecuyer & Felisa Vázquez-Abad, 2000. "Global Stochastic Optimization with Low-Dispersion Point Sets," Operations Research, INFORMS, vol. 48(6), pages 939-950, December.
    8. Francis, Peter & Zhang, Guangming & Smilowitz, Karen, 2007. "Improved modeling and solution methods for the multi-resource routing problem," European Journal of Operational Research, Elsevier, vol. 180(3), pages 1045-1059, August.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:oropre:v:43:y:1995:i:4:p:633-640. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.