Professor Chun-Hung Chen of George Mason University gave his lecture “Stochastic Simulation and Optimization: An Optimal Computing Budget Allocation” in the Department of Industrial Engineering and Management (IEM) on October 26.

A professor in the George Mason University Department of Systems Engineering and Operation Research, Chen spoke to IEM faculty and students.

Chen stated that simulation is one of the most widely used and effective methods in the area of operation research and management science. For some complex problems, engineers can evaluate and optimize the system effectively by simulation method. Chen introduced some interesting application of simulation, followed by a presentation of various programs that he has engaged, such as the simulation and optimization of the air traffic system, semiconductor systems, supply chain management, logistics, and missile defense system. Lastly, Chen introduced his innovative achievement—Optimal Computing Budget Allocation, which can dramatically improve simulation efficiency.
 

Brief introduction to Chun-Hung Chen

Professor. Chun-Hung Chen received his Ph.D. degree in engineering sciences from Harvard University in 1994. He is currently a professor of Systems Engineering & Operations Research at George Mason University and a professor at National Taiwan University. Chen received the “National Thousand Talents Program" award, the Best Automation Paper Award from the 2003 IEEE International Conference on Robotics and Automation. Chen’s major research subjects include Optimal Computing Budget Allocation, Stochastic Simulation and Optimization, Simulation-based Decision Making under Uncertainty.