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What is Ranking and Selection

Encyclopedia of Business Analytics and Optimization
This technique is used to rank few alternatives in order of performance, or select some subset (of cardinality one or greater) as being better than the rest.
Published in Chapter:
Simulation Optimization for Finite Parameter Space
Banu Y. Ekren (Izmir University of Economics, Turkey), Gerald W. Evans (University of Louisville, USA), William E. Biles (University of Louisville, USA), and Sunderesh S. Heragu (Oklahoma State University, USA)
Copyright: © 2014 |Pages: 7
DOI: 10.4018/978-1-4666-5202-6.ch195
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