Simulation-based optimization: Difference between revisions

Revision as of 20:26, 20 June 2022

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{{short description|Form of optimization}}

'''Simulation-based optimization''' (also known as simply '''simulation optimization''') integrates [[optimization (mathematics)|optimization]] techniques into [[computer simulation|simulation]] modeling and analysis. Because of the complexity of the simulation, the [[objective function]] may become difficult and expensive to evaluate. Usually, the underlying simulation model is stochastic, so that the objective function must be estimated using statistical estimation techniques (called output analysis in simulation methodology).