This workshop was co-sponsored by the National Science Foundation under Grant No. 0703665. Any opinions, findings, and conclusions or recommendations expressed in this material are those of the author(s) and do not necessarily reflect the views of the National Science Foundation.

THURSDAY JULY 5

Workshop introduction: Organizing Committee

Plenary: Barry L. Nelson
Industrial strength COMPASS for optimization via simulation

Welcoming remarks by Frank Brown, Dean of INSEAD

H. Topaloglu and S. Kunnumkal
New stochastic approximation and approximate dynamic programming methods for revenue management problems
J. R. Birge
Unattained convergence for sampling methods in large-scale optimization models and a remedy with batch means
R. Pasupathy and S. G. Henderson
An updated proposal for a testbed of simulation-optimization problems

Plenary: Lee W. Schruben
Modeling for analysis

Parallel Session 1:
M. Bureau, S. Dauzère-Pérès, C. Yugma and L. Vermariën
An original simulation approach for semiconductor manufacturing
O. Rose
Improving the accuracy of simple simulation models for complex production systems
J. W. Fowler, G. T. Mackulak, B.L. Nelson and B. Ankenman
Multi-product cycle time and throughput evaluation via simulation on demand

Parallel Session 2:
J. Branke and J. Gamer
Efficient sampling in interactive multi-criteria selection
C.-H. Chen, D. He, M. Fu and L. H. Lee
Efficient selecting an optimal subset for optimization under uncertainty
Y.L. Chai and P. W. Glynn
Monte Carlo optimization via random search

FRIDAY JULY 6

Plenary: Tony O’Hagan
Simulation and uncertainty

R. R. Barton
Presenting a fuller characterization of uncertainty: Can it be done?
J. P. C. Kleijnen
Risk analysis: Frequentists and Bayesians unite!
S. E. Chick and N. Gans
Should I bother to simulate? An economic approach to discrete optimization via simulation

Plenary: Paul R. Kleindorfer
Challenges in validating and implementing large-scale simulation models to inform strategic decision making

R. Cheng
DES as a real time decision making tool. An application to fire service emergency cover
C.-H. Chen-Ritzo, L. An, S. Buckley, P. Chowdhary, T. Ervolina, N. Lamba, Y. Lee, D. Subramanian
Pandemic business impact modeler
M. M. Gunal and M. Pidd
Moving from specific to generic: Generic modelling in health care
G. Zhao, P. Vakili and T. Borogovac
Structured database Monte Carlo (SDMC): A new efficient simulation strategy

Saturday July 7

Plenary: Paul Glasserman
Sensitivity estimation in financial engineering and risk management

L. J. Hong and G. Liu
Simulating probability sensitivities
H. Lan, B. L. Nelson and J. Staum
Two-level simulations for risk management
J. H. Blanchet, P. W. Glynn, P. L’Ecuyer, W. Sandmann and Bruno Tuffin
Asymptotic robustness of estimators in rare-event simulation

Closing remarks: Stewart Robinson

POSTERS
"Credit Value at Risk via Credit Scoring Models", by Sunti Tirapat and Seksan Kiatsupaibul.