Due to its importance in integrating facilities and smoothing supply chain, facility location
and capacity planning problem (FLCPP) is no doubt a key issue in constructing an efficient …

On most modern energy markets, electricity is traded in advance and a power producer has
to commit to deliver a certain amount of electricity some time before the actual delivery. This …

Motivated by the practical needs in simulation optimization, this paper considers the problem
of selecting the best m and worst n designs from a total of k alternatives based on their mean …

Applying simulation-based optimization to city-scale traffic signal optimization can be
challenging due to the large search space resulting in high computational complexity. A …

At container terminals, many cargo handling processes are interconnected and occur in
parallel. Within short time windows, many operational decisions need to be made and …

Equality-constrained simulation optimization problems (ECSOP) involve the finding of
optimal solutions by simulation within a well-defined search space under deterministic …

Swarm-based intelligent optimization algorithms that employ the principles of collective
behavior have been gaining traction as viable solutions in optimization research. One area …

The selection of the best stochastic systems from a set of a finite but very large alternative
systems is considered in this paper. Suppose we have limited computational budget to be …

Selecting a subset of the best solutions among large-scale problems is an important area of
research. When the alternative solutions are stochastic in nature, then it puts more burden …

Selecting a system or a subset of systems that have the best performance among many
alternative systems is an important area of research. All efforts are paid to do this selection …