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Fall 2012 Seminar Series

MASSACHUSETTS INSTITUTE OF TECHNOLOGY
OPERATIONS RESEARCH CENTER
FALL 2012 SEMINAR SERIES

DATE: November 8th
LOCATION: E51-376
TIME: 4:15pm
Reception immediately following

SPEAKER:
Sigrun Andradottir

TITLE
Simulation Optimization: Algorithms and Convergence

ABSTRACT
We consider the problem of optimizing the performance of a stochastic system using simulation. This involves determining what systems to simulate and how much effort to expend on estimating the performance of each simulated system. We will present simulation optimization algorithms and associated convergence theory. The focus will be on approaches with broad applicability, provable convergence, and attractive empirical performance.


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