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Ranking and selection for pairwise comparison
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Xiao, Hui, Zhang, Yao, Kou, Gang, Zhang, Si and Branke, Juergen (2023) Ranking and selection for pairwise comparison. Naval Research Logistics, 70 (3). pp. 284-302. doi:10.1002/nav.22093 ISSN 0894-069X.
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Official URL: http://doi.org/10.1002/nav.22093
Abstract
In many real-world applications, designs can only be evaluated pairwise, relative to each other. Nevertheless, in the simulation literature, almost all the ranking and selection procedures are developed based on the individual performances of each design. This research considers the statistical ranking and selection problem when the design performance can only be simulated pairwise. We formulate this new problem using the optimal computing budget allocation approach and derive the asymptotic optimality condition based on some approximations. The numerical study indicates that our approach can reduce the number of simulations required to confidently identify the best design.
Item Type: | Journal Article | ||||||||||||||||||
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Subjects: | Q Science > QA Mathematics T Technology > T Technology (General) T Technology > TA Engineering (General). Civil engineering (General) |
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Divisions: | Faculty of Social Sciences > Warwick Business School > Operational Research & Management Sciences Faculty of Social Sciences > Warwick Business School |
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Library of Congress Subject Headings (LCSH): | Systems engineering -- Simulation methods, Stochastic processes, Operations research | ||||||||||||||||||
Journal or Publication Title: | Naval Research Logistics | ||||||||||||||||||
Publisher: | Wiley | ||||||||||||||||||
ISSN: | 0894-069X | ||||||||||||||||||
Official Date: | April 2023 | ||||||||||||||||||
Dates: |
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Volume: | 70 | ||||||||||||||||||
Number: | 3 | ||||||||||||||||||
Page Range: | pp. 284-302 | ||||||||||||||||||
DOI: | 10.1002/nav.22093 | ||||||||||||||||||
Status: | Peer Reviewed | ||||||||||||||||||
Publication Status: | Published | ||||||||||||||||||
Access rights to Published version: | Open Access (Creative Commons) | ||||||||||||||||||
Date of first compliant deposit: | 3 January 2023 | ||||||||||||||||||
Date of first compliant Open Access: | 11 January 2023 | ||||||||||||||||||
RIOXX Funder/Project Grant: |
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