Tag: replicas

SOCRATES: Simulation Optimization with Correlated Replicas and Adaptive Trajectory Evaluations arXiv:2511.00685v1 Announce Type: new Abstract: The field of simulation optimization (SO) encompasses various methods developed to optimize complex, expensive-to-sample stochastic systems. Established methods include, but are not limited to, ranking-and-selection for finite alternatives and surrogate-based methods for continuous domains, with broad applications in engineering and…