2017
DOI: 10.1057/s41273-017-0056-y
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A simulation–optimization strategy to deal simultaneously with tens of decision variables and multiple performance measures in manufacturing

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Cited by 5 publications
(5 citation statements)
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“…Therefore, the combination of simulation and optimization is highly imperative to find an optimal set of values for certain input variables [14][15]. This is called simulation-based optimization which allows a decision-maker to systematically search a large decision space for an optimal or near-optimal system design without being constrained to a few pre-specified alternatives [16][17].…”
Section: Simulation Techniques In Manufacturingmentioning
confidence: 99%
See 3 more Smart Citations
“…Therefore, the combination of simulation and optimization is highly imperative to find an optimal set of values for certain input variables [14][15]. This is called simulation-based optimization which allows a decision-maker to systematically search a large decision space for an optimal or near-optimal system design without being constrained to a few pre-specified alternatives [16][17].…”
Section: Simulation Techniques In Manufacturingmentioning
confidence: 99%
“…By combining various resource constraints and cost factors, project managers can estimate the impact of different scenarios on project expenses. This simulation-based optimization technique is particularly beneficial for optimizing resource allocation and detecting potential bottlenecks that may inflate costs [17].…”
Section: Discrete Event Simulationmentioning
confidence: 99%
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“…However, despite the success shown by simulation and optimization techniques, researchers have shown their shortcomings when employed separately. On the one hand, as the complexity of a system and its decision variables increase, simulation techniques become impractical [17,18]. On the other hand, most RMS optimization studies have simplified the problem by disregarding the variability and stochasticity of the systems.…”
Section: Introductionmentioning
confidence: 99%