TY - GEN
T1 - Bootstrapping-based fixed-width confidence intervals for ranking and selection
AU - Bekki, Jennifer
AU - Nelson, Barry L.
AU - Fowler, John
N1 - Copyright:
Copyright 2011 Elsevier B.V., All rights reserved.
PY - 2010
Y1 - 2010
N2 - A ranking and selection (R&S) procedure allowing comparisons between systems to be made based on any distributional property of interest would be useful. This paper presents initial work toward the development of such a procedure. Previously published work gives a method for using bootstrapping to develop fixed-width confidence intervals with a specified coverage probability around a property of interest. Empirical evidence is provided in support of the use of this approach for building fixed-width confidence intervals around both means and quantiles. Additionally, the use of fixed-width confidence intervals for bootstrapped R&S is demonstrated. For two systems, R&S is performed by building a confidence interval around the difference between two systems. Simultaneous fixed-width confidence intervals are used for R&S on more than 2 systems, and the approach is demonstrated for three systems. The technique is shown to be effective for R&S based on both quantiles and means.
AB - A ranking and selection (R&S) procedure allowing comparisons between systems to be made based on any distributional property of interest would be useful. This paper presents initial work toward the development of such a procedure. Previously published work gives a method for using bootstrapping to develop fixed-width confidence intervals with a specified coverage probability around a property of interest. Empirical evidence is provided in support of the use of this approach for building fixed-width confidence intervals around both means and quantiles. Additionally, the use of fixed-width confidence intervals for bootstrapped R&S is demonstrated. For two systems, R&S is performed by building a confidence interval around the difference between two systems. Simultaneous fixed-width confidence intervals are used for R&S on more than 2 systems, and the approach is demonstrated for three systems. The technique is shown to be effective for R&S based on both quantiles and means.
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U2 - 10.1109/WSC.2010.5679087
DO - 10.1109/WSC.2010.5679087
M3 - Conference contribution
AN - SCOPUS:79951616219
SN - 9781424498666
T3 - Proceedings - Winter Simulation Conference
SP - 1024
EP - 1033
BT - Proceedings of the 2010 Winter Simulation Conference, WSC'10
T2 - 2010 43rd Winter Simulation Conference, WSC'10
Y2 - 5 December 2010 through 8 December 2010
ER -