American put option pricing is a challenging, complex problem, and existing methods to address this problem are computationally intensive. In this paper, a self-adaptive evolutionary computation method is used for computing American put option price. The proposed method essentially transforms a...

Business and consumer surveys are the main source of agents' expectations. In this study we use survey expectations about a wide range of economic variables to forecast GDP growth. We propose an empirical approach to derive mathematical functional forms that link survey-based expectations to...

Purpose: The incorporation of environmental objective into the conventional supplier selection practices is crucial for corporations seeking to promote green supply chain management (GSCM). Challenges and risks associated with green supplier selection have been broadly recognized by procurement...

Purpose: The present paper focuses on the modelling and solution of a large-scale personnel transportation system in Mexico where many routes and vehicles are currently used to service 532 points. The routing system proposed can be applied to many cities in the Latin-American region....

Purpose: Disposal of infectious waste remains one of the most serious problems in the social and environmental domains of almost every nation. Selection of new suitable locations and finding the optimal set of transport routes to transport infectious waste, namely location routing problem for...

Purpose: Adjusted discrete Multi-Objective Invasive Weed Optimization (DMOIWO) algorithm, which uses fuzzy dominant approach for ordering, has been proposed to solve No-wait two-stage flexible flow shop scheduling problem. Design/methodology/approach: No-wait two-stage flexible flow shop...

The Scheduling and Routing Problem (SRP) is a special case of the well-known vehicle routing problem, where a set of employees should perform an ensemble of services, at the clients’ locations. In this work, we present a real SRP faced by a company of water and electricity distribution. Under...

Integration of production planning and scheduling is a class of problems commonly found in manufacturing industry. This class of problems associated with precedence constraint has been previously modeled and optimized by the authors, in which, it requires a multidimensional optimization at the...