English, Article, Journal or magazine article edition: OPTIMIZING COMPLEX BIOECONOMIC SIMULATIONS USING AN EFFICIENT SEARCH HEURISTIC Richard F. KAZMIERCZAK, Jr.

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Bookmark: http://trove.nla.gov.au/version/69564
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • OPTIMIZING COMPLEX BIOECONOMIC SIMULATIONS USING AN EFFICIENT SEARCH HEURISTIC
Author
  • Richard F. KAZMIERCZAK, Jr.
Physical Description
  • preprint
Notes
  • For simulation to be truly useful for investigating many problems in agricultural economics, non-simplifying optimization techniques need to be employed. General methods for simulation optimization that do not inhibit system characterization or analysis are available, and they would appear to provide much of the mathematical and optimizing rigor demanded by economists. This paper describes the theory and algorithm of a robust and efficient simulation optimization approach, the Complex Method. An example of implementing the algorithm is illustrated using a pest management problem.
  • simulation, optimization, Complex Method, hill-climbing
  • RePEc:wop:lsudae:704
Language
  • English
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