Minimizing weighted total earliness, total tardiness and setup costs

The paper considers a (static) portfolio system that satisfies adding-up contraints and the gross substitution theorem. The paper shows the relationship of the two conditions to the weak dominant diagonal property of the matrix of interest rate elasticities. This enables to investigate the impact of simultaneous changes in interest rates on the asset demands.

Minimizing value-at-risk in the single-machine total weighted tardiness problem

The vast majority of the machine scheduling literature focuses on deterministic problems, in which all data is known with certainty a priori. This may be a reasonable assumption when the variability in the problem parameters is low. However, as variability in the parameters increases incorporating this uncertainty explicitly into a scheduling model is essential to mitigate the resulting adverse effects. In this paper, we consider the celebrated single-machine total weighted tardiness (TWT) problem in the presence of uncertain problem parameters. We impose a probabilistic constraint on the random TWT and introduce a risk-averse stochastic programming model. In particular, the objective of the proposed model is to find a non-preemptive static job processing sequence that minimizes the value-at-risk (VaR) measure on the random TWT at a specified confidence level. Furthermore, we develop a lower bound on the optimal VaR that may also benefit alternate solution approaches in the future. In this study, we implement a tabu-search heuristic to obtain reasonably good feasible solutions and present results to demonstrate the effect of the risk parameter and the value of the proposed model with respect to a corresponding risk-neutral approach

A survey of scheduling problems with setup times or costs

Author name used in this publication: C. T. NgAuthor name used in this publication: T. C. E. Cheng2007-2008 > Academic research: refereed > Publication in refereed journalAccepted ManuscriptPublishe

Group Scheduling in a Cellular Manufacturing Shop to Minimise Total Tardiness and nT: a Comparative Genetic Algorithm and Mathematical Modelling Approach

In this paper, family and job scheduling in a cellular manufacturing shop is addressed where jobs have individual due dates. The objectives are to minimise total tardiness and the number of tardy jobs. Family splitting among cells is allowed but job splitting is not. Two optimisation methods are employed in order to solve this problem, namely mathematical modelling (MM) and genetic algorithm (GA). The results showed that GA found the optimal solution for most of the problems with high frequency. Furthermore, the proposed GA is efficient compared to the MM especially for larger problems in terms of execution times. Other critical aspects of the problem such as family preemption only, impact of family splitting on common due date scenarios and dual objective scenarios are also solved. In short, the proposed comparative approach provides critical insights for the group scheduling problem in a cellular manufacturing shop with distinctive cases

Multi-objective group scheduling with learning effect in the cellular manufacturing system

Group scheduling problem in cellular manufacturing systems consists of two major steps. Sequence of parts in each part-family and the sequence of part-family to enter the cell to be processed. This paper presents a new method for group scheduling problems in flow shop systems where it minimizes makespan (Cmax) and total tardiness. In this paper, a position-based learning model in cellular manufacturing system is utilized where processing time for each part-family depends on the entrance sequence of that part. The problem of group scheduling is modeled by minimizing two objectives of position-based learning effect as well as the assumption of setup time depending on the sequence of parts-family. Since the proposed problem is NP-hard, two meta heuristic algorithms are presented based on genetic algorithm, namely: Non-dominated sorting genetic algorithm (NSGA-II) and non-dominated rank genetic algorithm (NRGA). The algorithms are tested using randomly generated problems. The results include a set of Pareto solutions and three different evaluation criteria are used to compare the results. The results indicate that the proposed algorithms are quite efficient to solve the problem in a short computational time