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Resampling Methods-OCBA [1-2]: Idea Optimal Computing- Budget Allocation Maximize the probability of identifying the true optimal design Maximize the simulation accuracy with a given simulation budget Minimize the total number of simulation runs in order to achieve a desired simulation accuracy U H.C. Chen, C.-H. Chen, and E. Yucesan, " Computing efforts allocation for ordinal optimization and discrete event simulation EEE Trans. on Autom. Cont. vol. 45 no.5,pp.960-964,2000 2 C.H. Chen, J. Lin, E. Yucesan, and S. E Chick, "Sim- ulation budget allocation for further enhancing the effi- ciency of ordinal optimization Discrete Event dynamic Systems: Theory and Applications, vol. 10, pp. 251-270 2000Resampling Methods-OCBA [1-2]: Idea ◼ Optimal Computing-Budget Allocation ◼ Maximize the probability of identifying the true optimal design ◼ Maximize the simulation accuracy with a given simulation budget ◼ Minimize the total number of simulation runs in order to achieve a desired simulation accuracy [1] [2]
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