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What is Gradient-Based Simulation Optimization

Chapter 194
Encyclopedia of Business Analytics and Optimization
A gradient-based approach requires a mathematical expression of the objective function, when such mathematical expression cannot be obtained. Simulation based gradient estimation is a technique to start the solution procedure.
Published in Chapter:
Simulation Optimization and a Case Study
Banu Y. Ekren (Izmir University of Economics, Turkey), Sunderesh S. Heragu (Oklahoma State University, USA), Gerald W. Evans (University of Louisville, USA), and William E. Biles (University of Louisville, USA)
Copyright: © 2014 |Pages: 12
DOI: 10.4018/978-1-4666-5202-6.ch194
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