Efficient computing budget allocation for finding simplest good designs

Efficient Computing Budget Allocation for Finding Simplest Good Designs.

In many applications some designs are easier to implement, require less training data and shorter training time, and consume less storage than the others. Such designs are called simple designs, and are usually preferred over complex ones when they all have good performance. Despite the abundant existing studies on how to find good designs in simulation-based optimization (SBO), there exist few...

Optimal Computing Cost Budget Allocation For Solving Buffer Allocation Problem

In this paper, we study the problem of selecting a system that has the best performance or selecting one of the best systems when the objective function is the expected performance of a complex stochastic system. The focus here is on a huge size but finite feasible solution set, that is not necessarily well structured. We consider the use of the ordinal optimization technique that concerns with...

Optimal private good allocation: The case for a balanced budget

An Efficient Resource Allocation for Processing Healthcare Data in the Cloud Computing Environment

Nowadays, processing large-media healthcare data in the cloud has become an effective way of satisfying the medical userschr('39') QoS (quality of service) demands. Providing healthcare for the community is a complex activity that relies heavily on information processing. Such processing can be very costly for organizations. However, processing healthcare data in cloud has become an effective s...

Efficient Simulation Budget Allocation for Selecting an Optimal Subset

We consider a variation of the subset selection problem in ranking and selection, where motivated by recently developed global optimization approaches applied to simulation optimization, our objective is to identify the top-m out of k designs based on simulated output. Using the optimal computing budget framework, we formulate the problem as that of maximizing the probability of correctly selec...