Optimization of simulation models using the box-complex and the modified box-complex algorithms

Thomas R. Harris and Harry P. Mapp

No 291676, WAEA/ WFEA Conference Archive (1929-1995) from Western Agricultural Economics Association

Abstract: Optimizing simulation models may require the use of a nonlinear direct search method such as the Box-Complex algorithm. The Box-Complex has been found to be inefficient in some cases in deriving optimal solutions for simulation models. This paper presents results from a modification of the Box Complex designed to derive more efficiently optimal solutions. The potential efficiency of the Modified Box-Complex is illustrated by using it to solve two problems on which the Box-Complex had been found to be inefficient. The Modified Box-Complex may offer considerable savings in computer time and cost for some problems.

Keywords: Research; Methods/Statistical; Methods (search for similar items in EconPapers)
Pages: 13
Date: 1981-07-19
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Persistent link: https://EconPapers.repec.org/RePEc:ags:waeaar:291676

DOI: 10.22004/ag.econ.291676

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