A primer on implementing compressed simulated annealing for the optimisation of a constrained simulation model in Microsoft Excel

This short paper provides a simple introduction on how a simulation model implemented in Microsoft Excel® can be optimised using Visual Basic for Applications (VBA) programming and the compressed simulated annealing algorithm (Ohlmann et al., 2004; Ohlmann and Thomas, 2007). The standard simulated annealing procedure enters as a special case. Practical advice for determining the parameters that guide the stochastic search process in an annealing algorithm is also given.


Issue Date:
2007
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/7420
Total Pages:
18
Series Statement:
Agricultural and Resource Economics Working Paper
0701




 Record created 2017-04-01, last modified 2017-08-23

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