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News: Beta release of LS-OPT® Version 4.3 Aug 31, 2012; Updated tutorial examples available Jul 03, 2012; LS-TaSC version 2.1 released Apr 03, 2012; Updated LS-OPT 4.2 Manual availabe Feb 21, 2012; Release of new LS-OPT 4.2 version Jan 12, 2012; …more

Sequential Random Search

An iterative method in which the best design is selected from all the simulation results of each iteration. A Monte Carlo based point selection scheme is typically applied to generate a set of design points.