The disclosed embodiments include reservoir simulation systems and methods for dynamically improving the performance of reservoir simulations. The method includes obtaining input variables to generate a reservoir simulation of a reservoir, and generating the reservoir simulation based on the input variables. The method also includes determining a computation time variance for the processing of the reservoir simulation. In response to a determination that the computation time variance is less than or equal to a threshold, the method includes performing a first sequence of Bayesian optimizations of at least one of the internal and external parameters controlling the simulation of tank to improve the performance of the tank simulation. In response to a determination that the computation time variance is greater than the threshold, the method includes performing a second sequence of Bayesian optimizations of at least one of the internal and external parameters.
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