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Requirements of an “optimizer” for computer simulations

Dennis E. Smith

Naval Research Logistics Quarterly, 1973, vol. 20, issue 1, 161-179

Abstract: Computer simulation has many advantages. However, one major disadvantage is that, in all too many cases, the attempt to use computer simulation to find an optimum solution to a problem rapidly degenerates into a trial‐and‐error process. Techniques for overcoming this disadvantage, i. e., for making optimization and computer simulation more compatible, are applicable at two points in the development of the overall computer simulation. Techniques which are used within actual construction of the mathematical models comprising the simulation will be labeled as internal methods, while those which are used after the simulation has been completely developed will be termed external methods Because external methods appear to offer the largest potential payoff, discussion is restricted to these methods, which are essentially search techniques. In addition, the development of an “Optimizer” computer program based on these techniques is suggested Although drawbacks to the use of search techniques in the computer simulation framework exist, these techniques do offer potential for “optimization.” The modification of these techniques to satisfy the requirements of an “Optimizer” is discussed.

Date: 1973
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https://doi.org/10.1002/nav.3800200114

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Persistent link: https://EconPapers.repec.org/RePEc:wly:navlog:v:20:y:1973:i:1:p:161-179

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