Decision-making Tools and Memetic Algorithms in Management and Linear Programming Problems

Operational Research uses a set of tools based on scientific research principles to achieve rational and meaningful management decisions. This article tries to give solution to a highly complex Linear Programming problem by using Simplex method, Solver and a hybrid prototype which combines the theories of Genetic Algorithms with a new local search heuristic technique. Hybridization of these two techniques is becoming known as Memetic Algorithm. Additionally, this article tries to present different techniques to support management decision-making, with the intention of being used increasingly in the business environment sustaining, thus, decisions by mathematics or artificial intelligence and not only by experience.quantitative management; quantitative methods; decision-making; linear programming; operational research; heuristics; hybrid methods; memetic algorithms.

Myths and Legends of the Baldwin Effect

This position paper argues that the Baldwin effect is widely misunderstood by the evolutionary computation community. The misunderstandings appear to fall into two general categories. Firstly, it is commonly believed that the Baldwin effect is concerned with the synergy that results when there is an evolving population of learning individuals. This is only half of the story. The full story is more complicated and more interesting. The Baldwin effect is concerned with the costs and benefits of lifetime learning by individuals in an evolving population. Several researchers have focussed exclusively on the benefits, but there is much to be gained from attention to the costs. This paper explains the two sides of the story and enumerates ten of the costs and benefits of lifetime learning by individuals in an evolving population. Secondly, there is a cluster of misunderstandings about the relationship between the Baldwin effect and Lamarckian inheritance of acquired characteristics. The Baldwin effect is not Lamarckian. A Lamarckian algorithm is not better for most evolutionary computing problems than a Baldwinian algorithm. Finally, Lamarckian inheritance is not a better model of memetic (cultural) evolution than the Baldwin effect