A SURVEY OF RANKING, SELECTION, AND MULTIPLE COMPARISON PROCEDURES FOR DISCRETE-EVENT SIMULATION

Discrete-event simulation models are often constructed so that an analyst may compare two or more competing design alternatives. This paper presents a survey of the literature for two widely-used statistical methods for selecting the best design from among a finite set of k alternatives: ranking and selection (R&S) and multiple comparison procedures (MCPs). A comprehensive survey of each topic is presented along with a summary of recent unified R&S-MCP approaches. In addition, an example of the application of Nelson and Matejcik’s (1995) combined R&S-MCP procedure is given