Download or read book Stochastic Simulation Optimization for Discrete Event Systems written by Chun-Hung Chen and published by World Scientific. This book was released on 2013-07-03 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discrete event systems (DES) have become pervasive in our daily lives. Examples include (but are not restricted to) manufacturing and supply chains, transportation, healthcare, call centers, and financial engineering. However, due to their complexities that often involve millions or even billions of events with many variables and constraints, modeling these stochastic simulations has long been a “hard nut to crack”. The advance in available computer technology, especially of cluster and cloud computing, has paved the way for the realization of a number of stochastic simulation optimization for complex discrete event systems. This book will introduce two important techniques initially proposed and developed by Professor Y C Ho and his team; namely perturbation analysis and ordinal optimization for stochastic simulation optimization, and present the state-of-the-art technology, and their future research directions. Contents:Part I: Perturbation Analysis:The IPA Calculus for Hybrid SystemsSmoothed Perturbation Analysis: A Retrospective and Prospective LookPerturbation Analysis and Variance Reduction in Monte Carlo SimulationAdjoints and AveragingInfinitesimal Perturbation Analysis and Optimization AlgorithmsSimulation-based Optimization of Failure-prone Continuous Flow LinesPerturbation Analysis, Dynamic Programming, and BeyondPart II: Ordinal Optimization:Fundamentals of Ordinal OptimizationOptimal Computing Budget Allocation FrameworkNested PartitionsApplications of Ordinal Optimization Readership: Professionals in industrial and systems engineering, graduate reference for probability & statistics, stochastic analysis and general computer science, and research. Keywords:Simulation;Optimization;Stochastic Systems;Discrete-Even Systems;Perturbation Analysis;Ordinal Optimization