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What is Optimal computing budget allocation mean?
In computer science, optimal computing budget allocation (OCBA) is an approach to maximize the overall simulation efficiency for finding an optimal decision. It was introduced in the mid-1990s by Dr. Chun-Hung Chen.
OCBA determines the number of replications or the simulation time that is needed in order to receive acceptable or best results within a set of given parameters. This is accomplished by using an asymptotic framework to analyze the structure of the optimal allocation.
OCBA has also been shown effective in enhancing partition-based random search algorithms for solving deterministic global optimization problems.
referencePosted on 06 Jan 2025, this text provides information on Miscellaneous in Computing related to Computing. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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