The Infona portal uses cookies, i.e. strings of text saved by a browser on the user's device. The portal can access those files and use them to remember the user's data, such as their chosen settings (screen view, interface language, etc.), or their login data. By using the Infona portal the user accepts automatic saving and using this information for portal operation purposes. More information on the subject can be found in the Privacy Policy and Terms of Service. By closing this window the user confirms that they have read the information on cookie usage, and they accept the privacy policy and the way cookies are used by the portal. You can change the cookie settings in your browser.
This paper deals with the selection of the best of a finite set of systems, where best is defined with respect to the maximum mean simulated performance. We extend the ideas of the knowledge gradient, which accounts for the expected value of one stage of simulation, by accounting for the future value of the option to simulate over multiple stages. We extend recent work on the economics of simulation,...
Set the date range to filter the displayed results. You can set a starting date, ending date or both. You can enter the dates manually or choose them from the calendar.