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    An efficient hybrid search algorithm for various optimization problems

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    Publication type
    Working paper
    Author
    Vanhoucke, Mario
    Publication Year
    2006
    Publication Issue
    7
    Publication Number of pages
    21
    
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    Abstract
    This paper describes a detailed study of a recursive search algorithm for different optimization problems. Although the algorithm has been originally developed for a project scheduling problem with financial objectives, we show that it can be extended to many other application areas and therefore, can serve as a sub-procedure for various optimization problems. The contribution of the paper is threefold. First, we present a hybrid recursive search procedure for the project scheduling problem with net present value maximization and compare it with state-of-the-art procedures by means of computational tests. Second, we show how the procedure can be adapted to two other application areas: project scheduling with work continuity minimization and the open pit mining problem. Last, we highlight some future research areas where this hybrid procedure might bring a promising contribution.
    Keyword
    Programme & Portfolio Management
    Knowledge Domain/Industry
    Operations & Supply Chain Management
    URI
    http://hdl.handle.net/20.500.12127/1960
    Collections
    Research Communication

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