Search results for "Operation"
showing 10 items of 2969 documents
Applying fuzzy Particle Swarm Optimization to Multi-unit Double Auctions
2010
Abstract In the context of Quadratic Programming Problems, we use a fuzzy Particle Swarm Optimization (PSO) algorithm to analyze a Multi-unit Double Auction (MDA) market. We give also a Linear Programming (LP) based upper bound to help the decision maker in dealing with constraints in the mathematical model. In the computational study, we evaluate our algorithm and show that it is a feasible approach for processing bids and calculating assignments.
The multiple vehicle pickup and delivery problem with LIFO constraints
2015
Abstract This paper approaches a pickup and delivery problem with multiple vehicles in which LIFO conditions are imposed when performing loading and unloading operations and the route durations cannot exceed a given limit. We propose two mixed integer formulations of this problem and a heuristic procedure that uses tabu search in a multi-start framework. The first formulation is a compact one, that is, the number of variables and constraints is polynomial in the number of requests, while the second one contains an exponential number of constraints and is used as the basis of a branch-and-cut algorithm. The performances of the proposed solution methods are evaluated through an extensive comp…
A Conditional Value–at–Risk Model for Insurance Products with Guarantee
2009
We propose a model to select the optimal portfolio which underlies insurance policies with a guarantee. The objective function is defined in order to minimise the conditional value at-risk (CVaR) of the distribution of the losses with respect to a target return. We add operational and regulatory constraints to make the model as flexible as possible when used for real applications. We show that the integration of the asset and liability side yields superior performances with respect to naive fixed-mix portfolios and asset based strategies. We validate the model on out-of-sample scenarios and provide insights on policy design.
Sufficient conditions for coincidence in ℓ1 multifacility location problems
1997
We consider the problem of finding the optimal way of locating a finite number of facilities in a finite dimensional space, in order to minimize a weighted sum of the distances between these and other pre-existent facilities which are already positioned. We study the specific case where distance is measured in the @?"1, giving a new sufficient condition for identifying groups of facilities whose position will coincide at optimality.
Bayesian prediction inM/M/1 queues
1994
Simple queues with Poisson input and exponential service times are considered to illustrate how well-suited Bayesian methods are used to handle the common inferential aims that appear when dealing with queue problems. The emphasis will mainly be placed on prediction; in particular, we study the predictive distribution of usual measures of effectiveness in anM/M/1 queue system, such as the number of customers in the queue and in the system, the waiting time in the queue and in the system, the length of an idle period and the length of a busy period.
A two-slope achievement scalarizing function for interactive multiobjective optimization
2012
The use of achievement (scalarizing) functions in interactive multiobjective optimization methods is very popular, as indicated by the large number of algorithmic and applied scientific papers that use this approach. Key parameters in this approach are the reference point, which expresses desirable objective function values for the decision maker, and weights. The role of the weights can range from purely normalizing to fully preferential parameters that indicate the relative importance given by the decision maker to the achievement of each reference value. Technically, the influence of the weights in the solution generated by the achievement scalarizing function is different, depending on …
A penalty-based edge assembly memetic algorithm for the vehicle routing problem with time windows
2010
In this paper, we present an effective memetic algorithm for the vehicle routing problem with time windows (VRPTW). The paper builds upon an existing edge assembly crossover (EAX) developed for the capacitated VRP. The adjustments of the EAX operator and the introduction of a novel penalty function to eliminate violations of the time window constraint as well as the capacity constraint from offspring solutions generated by the EAX operator have proven essential to the heuristic's performance. Experimental results on Solomon's and Gehring and Homberger benchmarks demonstrate that our algorithm outperforms previous approaches and is able to improve 184 best-known solutions out of 356 instance…
Scheduling Multimodal Transportation Systems
2004
Abstract In this paper a Lagrangian based heuristic procedure for scheduling transportation networks is presented. The solution procedure schedules a single line at a time, possibly correcting the previous decisions at each step.
Large multiple neighborhood search for the clustered vehicle-routing problem
2018
Abstract The clustered vehicle-routing problem is a variant of the classical capacitated vehicle-routing problem in which customers are partitioned into clusters, and it is assumed that each cluster must have been served completely before the next cluster is served. This decomposes the problem into three subproblems, i.e., the assignment of clusters to routes, the routing inside each cluster, and the sequencing of the clusters in the routes. The second task requires the solution of several Hamiltonian path problems, one for each possibility to route through the cluster. We pre-compute the Hamiltonian paths for every pair of customers of each cluster. We present a large multiple neighborhood…
Optimal selection of the four best of a sequence
1993
We consider the situation in which the decision-maker is allowed to have four choices with purpose to choose exactly the four absolute best candidates fromN applicants. The optimal stopping rule and the maximum probability of making the right choice are given for largeN∈N, the maximum asymptotic value of the best choice being limN→∞P(win)≈0.12706.