Simulation and Optimisation

Istvan Molnar
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Istvan Molnar: Department of Computer and Information Systems, School of Business, Bloomsburg University of Pennsylvania, Pennsylvania, USA

Society and Economy, 2005, vol. 27, issue 2, 213-226

Abstract: The main goal of simulation optimisation problem-solving process is minimising overall resources (time, money, human and technical resources), while maximising the overall information (e.g. system behaviour, sensitivity, optimal solutions) obtained in the process. The present paper gives a broad overview of the field of interest and describes new, integrative approaches for simulation and optimisation problems, using the achievements of different scientific areas.

Keywords: simulation; modelling; optimisation (search for similar items in EconPapers)
Date: 2005
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