1,235 research outputs found
An index for dynamic product promotion and the knapsack problem for perishable items
This paper introduces the knapsack problem for perishable items (KPPI), which concerns the optimal dynamic allocation of a limited promotion space to a collection of perishable items. Such a problem is motivated by applications in a variety of industries, where products have an associated lifetime after which they cannot be sold. The paper builds on recent developments on restless bandit indexation and gives an optimal marginal productivity index policy for the dynamic (single) product promotion problem with closed-form indices that yield estructural insights. The performance of the proposed policy for KPPI is investigated in a computational study.Dynamic promotion, Perishable items, Index policies, Knapsack problem, Festless bandits, Finite horizon, Marginal productivity index
Improved algorithms for machine allocation in manufacturing systems
In this paper we present two algorithms for a machine allocation problem occurring in manufacturing systems. For thetwo algorithms presented we prove worst-case performance ratios of 2 and 312, respectively. The machlne allocat~onproblem we consider is a general convex resource allocation problem, which makes the algorithms applicable to a varletyof resource allocation problems. Numerical results are presented for two real-life manufacturing systems.networks;manufacturing;allocation of machines;performance/productivity;queues
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Combinatorial optimization and metaheuristics
Today, combinatorial optimization is one of the youngest and most active areas of discrete mathematics. It is a branch of optimization in applied mathematics and computer science, related to operational research, algorithm theory and computational complexity theory. It sits at the intersection of several fields, including artificial intelligence, mathematics and software engineering. Its increasing interest arises for the fact that a large number of scientific and industrial problems can be formulated as abstract combinatorial optimization problems, through graphs and/or (integer) linear programs. Some of these problems have polynomial-time (“efficient”) algorithms, while most of them are NP-hard, i.e. it is not proved that they can be solved in polynomial-time. Mainly, it means that it is not possible to guarantee that an exact solution to the problem can be found and one has to settle for an approximate solution with known performance guarantees. Indeed, the goal of approximate methods is to find “quickly” (reasonable run-times), with “high” probability, provable “good” solutions (low error from the real optimal solution). In the last 20 years, a new kind of algorithm commonly called metaheuristics have emerged in this class, which basically try to combine heuristics in high level frameworks aimed at efficiently and effectively exploring the search space. This report briefly outlines the components, concepts, advantages and disadvantages of different metaheuristic approaches from a conceptual point of view, in order to analyze their similarities and differences. The two very significant forces of intensification and diversification, that mainly determine the behavior of a metaheuristic, will be pointed out. The report concludes by exploring the importance of hybridization and integration methods
A Weight-coded Evolutionary Algorithm for the Multidimensional Knapsack Problem
A revised weight-coded evolutionary algorithm (RWCEA) is proposed for solving
multidimensional knapsack problems. This RWCEA uses a new decoding method and
incorporates a heuristic method in initialization. Computational results show
that the RWCEA performs better than a weight-coded evolutionary algorithm
proposed by Raidl (1999) and to some existing benchmarks, it can yield better
results than the ones reported in the OR-library.Comment: Submitted to Applied Mathematics and Computation on April 8, 201
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