Markowitz formulated the portfolio optimization problem through two criteria: the expected return and the risk, as a measure of the variability of the return. The classical Markowitz model uses the variance as the risk measure and is a quadratic programming problem. Many attempts have been made...

In single-period portfolio selection problems the expected value of both the risk measure and the portfolio return have to be estimated. Historical data realizations, used as equally probable scenarios, are frequently used to this aim. Several other parametric and non-parametric methods can be...

In this paper we consider two different mixed integer linear programming models for solving the single period portfolio selection problem when integer stock units, transaction costs and a cardinality constraint are taken into account. The first model has been formulated by using the maximization...

In the Distance Constrained Multiple Vehicle Traveling Purchaser Problem (DC-MVTPP) a fleet of vehicles is available to visit suppliers offering products at different prices and with different quantity availabilities. The DC-MVTPP consists in selecting a subset of suppliers so to satisfy...

In this paper we analyze the procurement problem of a company that needs to purchase a number of products from a set of suppliers to satisfy demand. The suppliers offer total quantity discounts and the company aims at selecting a set of suppliers so to satisfy product demand at minimum...

The Team Orienteering Problem (TOP) is a known NP-hard problem that typically arises in vehicle routing and production scheduling contexts. In this paper we introduce a new solution method to solve the TOP with hard Time Window constraints (TOPTW). We propose a Variable Neighborhood Search (VNS)...

We study a generalization of the Directed Rural Postman Problem where not all arcs requiring a service have to be visited provided that a penalty cost is paid if a service arc is not crossed. The problem, known as Directed Profitable Rural Postman Problem, looks for a tour visiting the selected...