Simulation-based optimization: Difference between revisions

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The main approaches in simulation optimization are discussed below.
<ref name=Fu>{{cite book|last=Fu|first=Michael, editor|title=Handbook of Simulation Optimization|publisher=Springer|year=2015|url=https://www.springer.com/us/book/9781493913831}}</ref>
<ref>Spall, J. C. (2003), ''Introduction to Stochastic Search and Optimization: Estimation, Simulation, and Control'', Wiley, Hoboken, NJ.</ref>
 
=== Statistical ranking and selection methods (R/S) ===