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2007

The optimizing-simulator: merging simulation and optimization using approximate dynamic programming

14 years 2 months ago
The optimizing-simulator: merging simulation and optimization using approximate dynamic programming
There has long been a competition between simulation and optimization in the modeling of problems in transportation and logistics, machine scheduling and similar highdimensional problems in operations research. Simulation strives to model operations, often using rule-based logic. Optimization strives to find the best possible solution, minimizing costs or maximizing profits. In this tutorial, we show how these two modeling technologies can be brought together, combining the flexibility of simulation with the intelligence of optimization.
Warren B. Powell
Added 02 Oct 2010
Updated 02 Oct 2010
Type Conference
Year 2007
Where WSC
Authors Warren B. Powell
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