An efficient Ranking and Selection procedure for a linear transient mean performance measure

We develop a Ranking and Selection procedure for selecting the best configuration based on a transient mean performance measure. The procedure extends the OCBA approach to systems whose means are a function of some other variable such as time. In particular, we characterize this as a prediction problem and imbed a regression model in the OCBA procedure. In this paper, we analyze the linear case and discuss a number of extensions. Additionally, we provide some motivating examples for this approach.

• Type: Conference
• Year: 2008
• Where: WSC
• Authors: Douglas J. Morrice, Mark W. Brantley, Chun-Hung Chen
• Keywords: Modeling And Simulation, OCBA Approach, OCBA Procedure, Transient Mean Performance, WSC 2008