Efficient Simulation Budget Allocation for Ranking the Top 𝑚 Designs

Table 1

Parameters for the numerical experiments.

Design	Equal spacing		Equal variance		Increasing spacing decreasing variance
	Mean	Variance	Mean	Variance	Mean	Variance
I	2	400	1	100	1	400
II	4	361	2	100	2	361
III	6	324	4	100	4	324
IV	8	289	7	100	7	289
V	10	256	11	100	11	256
VI	12	225	16	100	16	225
VII	14	196	22	100	22	196
VIII	16	169	29	100	29	169
IX	18	144	37	100	37	144
X	20	121	46	100	46	121
XI	22	100	56	100	56	100
XII	24	81	67	100	67	81
XIII	26	64	79	100	79	64
XIV	28	49	92	100	92	49
XV	30	36	106	100	106	36
XVI	32	25	121	100	121	25
XVII	34	16	137	100	137	16
XVIII	36	9	154	100	154	9
XIX	38	4	172	100	172	4
XX	40	1	191	100	191	1