Simulation optimization: A panel on the state of the art in research and practice

Michael C. Fu, Guzin Bayraksan, Shane G. Henderson, Barry L. Nelson, Warren Buckler Powell, Ilya O. Ryzhov, Ben Thengvall

Research output: Chapter in Book/Report/Conference proceedingConference contribution

12 Scopus citations

Abstract

The goal of this panel was to discuss the state of the art in simulation optimization research and practice. The participants included representation from both academia and industry, where the latter was represented by participation from a leading software provider of optimization tools for simulation. This paper begins with a short introduction to simulation optimization, and then presents a list of specific questions that served as a basis for discussion during the panel discussion. Each of the panelists was given an opportunity to provide their preliminary thoughts on simulation optimization for this paper, and the remainder of the paper summarizes those points, ranging from assessments of the field from their perspective to initial reactions to some of the posed questions. Finally, one of the panelists who has worked on an online testbed of simulation optimization problems for the research community was asked to provide an update of the status of the Web site.

Original languageEnglish (US)
Title of host publicationProceedings of the 2014 Winter Simulation Conference, WSC 2014
EditorsAndreas Tolk, Levent Yilmaz, Saikou Y. Diallo, Ilya O. Ryzhov
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages3696-3706
Number of pages11
ISBN (Electronic)9781479974863
DOIs
StatePublished - Jan 23 2015
Event2014 Winter Simulation Conference, WSC 2014 - Savannah, United States
Duration: Dec 7 2014Dec 10 2014

Publication series

NameProceedings - Winter Simulation Conference
Volume2015-January
ISSN (Print)0891-7736

Other

Other2014 Winter Simulation Conference, WSC 2014
CountryUnited States
CitySavannah
Period12/7/1412/10/14

All Science Journal Classification (ASJC) codes

  • Software
  • Modeling and Simulation
  • Computer Science Applications

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    Fu, M. C., Bayraksan, G., Henderson, S. G., Nelson, B. L., Powell, W. B., Ryzhov, I. O., & Thengvall, B. (2015). Simulation optimization: A panel on the state of the art in research and practice. In A. Tolk, L. Yilmaz, S. Y. Diallo, & I. O. Ryzhov (Eds.), Proceedings of the 2014 Winter Simulation Conference, WSC 2014 (pp. 3696-3706). [7020198] (Proceedings - Winter Simulation Conference; Vol. 2015-January). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/WSC.2014.7020198