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Practical introduction to simulation optimization

Published: 07 December 2003 Publication History

Abstract

The merging of optimization and simulation technologies has seen a rapid growth in recent years. A Google search on "Simulation Optimization" returns more than six thousand pages where this phrase appears. The content of these pages ranges from articles, conference presentations and books to software, sponsored work and consultancy. This is an area that has sparked as much interest in the academic world as in practical settings. In this paper, we first summarize some of the most relevant approaches that have been developed for the purpose of optimizing simulated systems. We then concentrate on the metaheuristic black-box approach that leads the field of practical applications and provide some relevant details of how this approach has been implemented and used in commercial software. Finally, we present an example of simulation optimization in the context of a simulation model developed to predict performance and measure risk in a real world project selection problem.

References

[1]
Andradóttir, S. 1998. "A Review of Simulation Optimization Techniques," in Proceedings of the 1998 Winter Simulation Conference, D. J. Medeiros, E. F. Watson, J. S. Carson and M. S. Manivannan (eds.), pp. 151--158.
[2]
Fu, M. 2002. "Optimization for Simulation: Theory and Practice," INFORMS Journal on Computing, 14 (3) pp. 192--215.
[3]
Gerencsér, L. 1999. "Optimization Over Discrete Sets Via SPSA," Proceedings of the IEEE Conference on Decision and Control, pp. 1791--1795.
[4]
Laguna, M. and R. Martí 2002. "Neural Network Prediction in a System for Optimizing Simulations," IIE Transactions, (34) 3, pp. 273--282.
[5]
Law, A. M. and W. D. Kelton 1991. Simulation Modeling and Analysis, Second Edition, McGraw-Hill, New York.
[6]
Martí, R., M. Laguna and V. Campos 2002. "Scatter Search Vs. Genetic Algorithms: An Experimental Evaluation with Permutation Problems", to appear in Adaptive Memory and Evolution: Tabu Search and Scatter Search, Cesar Rego and Bahram Alidaee (eds.), Kluwer Academic Publishers, Boston.
[7]
van Beers, W. C. M. and J. P. C. Kleijnen 2003. "Kriging for Interpolation in Random Simulation," Journal of the Operational Research Society, (54) 3, pp. 255--262.

Cited By

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  • (2021)Applying simheuristics for safety stock and planned lead time optimization in a rolling horizon MRP system under uncertaintyProceedings of the Winter Simulation Conference10.5555/3522802.3523003(1-12)Online publication date: 13-Dec-2021
  • (2020)On the use of simheuristics to optimize safety-stock levels in material requirements planning with random demandsProceedings of the Winter Simulation Conference10.5555/3466184.3466356(1539-1550)Online publication date: 14-Dec-2020
  • (2020)Performance optimization of a flexible manufacturing system using simulationSimulation10.1177/003754971881980495:11(1085-1096)Online publication date: 18-Jun-2020
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Published In

cover image ACM Conferences
WSC '03: Proceedings of the 35th conference on Winter simulation: driving innovation
December 2003
2094 pages
ISBN:0780381327

Sponsors

  • IIE: Institute of Industrial Engineers
  • INFORMS/CS: Institute for Operations Research and the Management Sciences/College on Simulation
  • ASA: American Statistical Association
  • ACM: Association for Computing Machinery
  • SIGSIM: ACM Special Interest Group on Simulation and Modeling
  • IEEE/CS: Institute of Electrical and Electronics Engineers/Computer Society
  • NIST: National Institute of Standards and Technology
  • (SCS): The Society for Modeling and Simulation International
  • IEEE/SMCS: Institute of Electrical and Electronics Engineers/Systems, Man, and Cybernetics Society

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Winter Simulation Conference

Publication History

Published: 07 December 2003

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WSC03
Sponsor:
  • IIE
  • INFORMS/CS
  • ASA
  • ACM
  • SIGSIM
  • IEEE/CS
  • NIST
  • (SCS)
  • IEEE/SMCS
WSC03: Winter Simulation Conference 2003
December 7 - 10, 2003
Louisiana, New Orleans

Acceptance Rates

WSC '03 Paper Acceptance Rate 128 of 189 submissions, 68%;
Overall Acceptance Rate 3,413 of 5,075 submissions, 67%

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Cited By

View all
  • (2021)Applying simheuristics for safety stock and planned lead time optimization in a rolling horizon MRP system under uncertaintyProceedings of the Winter Simulation Conference10.5555/3522802.3523003(1-12)Online publication date: 13-Dec-2021
  • (2020)On the use of simheuristics to optimize safety-stock levels in material requirements planning with random demandsProceedings of the Winter Simulation Conference10.5555/3466184.3466356(1539-1550)Online publication date: 14-Dec-2020
  • (2020)Performance optimization of a flexible manufacturing system using simulationSimulation10.1177/003754971881980495:11(1085-1096)Online publication date: 18-Jun-2020
  • (2018)Simheuristics applicationsProceedings of the 2018 Winter Simulation Conference10.5555/3320516.3320878(3048-3059)Online publication date: 9-Dec-2018
  • (2018)The team orienteering problem with stochastic service times and driving-range limitationsProceedings of the 2018 Winter Simulation Conference10.5555/3320516.3320876(3025-3035)Online publication date: 9-Dec-2018
  • (2017)A novel Iterative Optimization-based Simulation (IOS) frameworkComputers and Industrial Engineering10.1016/j.cie.2017.06.037111:C(1-17)Online publication date: 1-Sep-2017
  • (2015)An interactive decision support system using simulation-based optimization and data miningProceedings of the 2015 Winter Simulation Conference10.5555/2888619.2888859(2112-2123)Online publication date: 6-Dec-2015
  • (2015)Simulation based optimizationProceedings of the 2015 Winter Simulation Conference10.5555/2888619.2888760(1261-1271)Online publication date: 6-Dec-2015
  • (2015)Scheduling countermeasures to contamination events by genetic algorithmsAI Communications10.5555/2733572.273357928:2(259-282)Online publication date: 1-Apr-2015
  • (2013)A simulation tool for complex assembly lines with multi-skilled resourcesProceedings of the 2013 Winter Simulation Conference: Simulation: Making Decisions in a Complex World10.5555/2675983.2676303(2577-2586)Online publication date: 8-Dec-2013
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