Ranking and selection procedures are standard methods for selecting the best of a finite number of simulated design alternatives, based on a desired level of statistical evidence for correct selection. But the link between statistical significance and financial significance is indirect and there has been little or no research into it. This paper presents a new approach to the simulation selecti...

This paper considers the problem of an agent searching for a resource or a tangible good in a physical environment, where at each stage of its search it observes one source where this good can be found. The cost of acquiring the resource or good at a given source is uncertain (a-priori), and the agent can observe its true value only when physically arriving at the source. Sample applications in...

The article considers the problem related to correlation and regression analysis. use of analysis methods is shown in specific example illustrating study a particular economic situation. Special attention paid Excel Analysis Package, which significantly simplifies solution from computational standpoint.