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A New Approach to Estimate the Critical Constant of Selection Procedures
Journal article   Open access  Peer reviewed

A New Approach to Estimate the Critical Constant of Selection Procedures

E. Jack Chen and Min Li
Advances in decision sciences, Vol.2010, pp.1-12
02/07/2010
Handle:
https://hdl.handle.net/20.500.12741/rep:4327

Abstract

A solution to the ranking and selection problem of determining a subset of size containing at least of the best from normal distributions has been developed. The best distributions are those having, for example, (i) the smallest means, or (ii) the smallest variances. This paper reviews various applicable algorithms and supplies the operating constants needed to apply these solutions. The constants are computed using a histogram approximation algorithm and Monte Carlo integration.
url
https://doi.org/10.1155/2010/948359View
Published (Version of record) Open

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