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Optimization is an important fields of study in science where researchers seek to make the best and most practical decisions. Solving real optimization problems is an intractable issue which calls for generating an approximate using meta-heuristic algorithms. This study proposes a meta-heuristic...
Persistent link: https://www.econbiz.de/10012042940
Optimization, which, by definition, can help one find the best solution from all feasible solutions, has sometimes been an interesting and important area for research in science. Solving real and hard optimization problems calls for developing approximate, heuristic, and meta-heuristic...
Persistent link: https://www.econbiz.de/10012044578
The general goal of the facility layout problem is to arrange a given number of facilities to minimize the total cost associated with the known or projected interactions between them. One of the special classes of the facility layout problem is the Single Row Facility Layout Problem (SRFLP),...
Persistent link: https://www.econbiz.de/10008551215
The purpose of this paper is to develop a global optimization model, simplification schemes, and a heuristic procedure for the design of a shortcut-enhanced unidirectional loop aisle-network with pick-up and drop-off stations. The objective is to minimize the total loaded and empty trip...
Persistent link: https://www.econbiz.de/10008865336
Risk aversion is a prevalent phenomenon when sufficiently large amounts are at risk. In this paper, we introduce a new prescriptive approach for coping with risk in sequential decision problems with discrete scenario space. We use Conditional Value-at-Risk (CVaR) risk measure as optimization...
Persistent link: https://www.econbiz.de/10010682501
Sports scheduling has become an important area of applied operations research in recent years, since satisfying fans' and teams' requests and revenues of a sports league and TV networks may be affected by quality of the league schedule. While this type of scheduling problem can be solved by...
Persistent link: https://www.econbiz.de/10010667494
Usually, resources are short in supply when earthquakes occur. In such emergency situations, disaster relief organizations must use these scarce resources efficiently to achieve the best possible emergency relief. This paper therefore proposes a multi-objective, multi-mode, multi-commodity, and...
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