Over the last several decades, computer simulations have been widely utilized to model and analyze complex systems at low costs and risks. Although simulation can represent physical systems realistically, it is a descriptive tool without the capability of suggesting better solutions. However, it can be complemented by incorporating optimization routines. The most challenging problem is that large-scale simulation models normally take a considerable amount of computer time to execute so that the number of solution evaluations needed by most optimization algorithms is not feasible within...
Over the last several decades, computer simulations have been widely utilized to model and analyze complex systems at low costs and risks. Alt...