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How to Find “The Best” Model Configuration Using Simio’s Optimization and Statistical Analysis Tools

Simio Solution Series Edition 27

WHEN

November 13, 2024
11:00 am ET (3:00 pm UTC)
60 minutes

PRESENTER

Jeff Smith, Vice President of Training & Academic Programs

Highlights

This session focus on how to use Simio’s experimentation tools to find “the best” model configuration for a given objective.  These tools include Subset Selection function and the OptQuest and Select Best Scenario add-ins. We will discuss the basic concepts of Ranking and Selection and demonstrate the use of these tools with a Simio model.

About the presenter

Jeff Smith

Jeff Smith, Vice President of Training & Academic Programs

Jeff Smith is currently the VP for Training and Academic Services at Simio LLC. Prior to this position, he spent 32 years as a Professor of Industrial Engineering at Auburn University and Texas A&M University where he taught simulation, manufacturing system design, and data analytics at the graduate and undergraduate levels. He has also worked with Simio in a consulting role since Simio’s introduction to the market. Dr. Smith holds PhD and MS degrees in Industrial Engineering from Penn State and a BSIE from Auburn.