A sequential selection procedure delivering a probably-approximately-correct selection using confidence bands. Ma, S. & Henderson, S. G. 2018. Submitted
A sequential selection procedure delivering a probably-approximately-correct selection using confidence bands [link]Code  A sequential selection procedure delivering a probably-approximately-correct selection using confidence bands [link]Parallelcode  abstract   bibtex   4 downloads  
Ranking and Selection (R&S) procedures are commonly used for choosing the best among a finite set of candidate systems, each of which is associated with a simulation model. We present a new fully sequential selection procedure, the Envelope Procedure (EP), that provides a probably-approximately-correct guarantee on the selection. The EP has a rigorous complexity analysis for a particular choice of sampling strategy. Numerical experiments show that EP is more efficient than some leading R&S procedures in many problem configurations.
@unpublished{mahen18,
	abstract = {Ranking and Selection (R&S) procedures are commonly used for choosing the best among a finite set of candidate systems, each of which is associated with a simulation model. We present a new fully sequential selection procedure, the Envelope Procedure (EP), that provides a probably-approximately-correct guarantee on the selection. The EP has a rigorous complexity analysis for a particular choice of sampling strategy. Numerical experiments show that EP is more efficient than some leading R&S procedures in many problem configurations.},
	author = {Sijia Ma and Shane G. Henderson},
	date-added = {2018-10-01 22:58:58 +0000},
	date-modified = {2018-10-01 23:00:17 +0000},
	note = {Submitted},
	title = {A sequential selection procedure delivering a probably-approximately-correct selection using confidence bands},
	url_code = {https://github.com/sjasonma/EnvelopeProcedure},
	url_parallelcode = {https://github.com/sjasonma/ParallelEP},
	year = {2018}}

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