Decision-making Tools and Memetic Algorithms in Management and Linear Programming Problems
Operational Research uses a set of tools based on scientific research principles to achieve rational and meaningful management decisions. This article tries to give solution to a highly complex Linear Programming problem by using Simplex method, Solver and a hybrid prototype which combines the theor...
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| Vydané v: | Revista de Management Comparat International Ročník 12; číslo 2; s. 350 - 365 |
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| Hlavní autori: | , , , |
| Médium: | Journal Article |
| Jazyk: | English |
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EDITURA ASE
01.05.2011
ASE Publishing House Editura ASE |
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| ISSN: | 1582-3458, 2601-0968 |
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| Abstract | Operational Research uses a set of tools based on scientific research principles to achieve rational and meaningful management decisions. This article tries to give solution to a highly complex Linear Programming problem by using Simplex method, Solver and a hybrid prototype which combines the theories of Genetic Algorithms with a new local search heuristic technique. Hybridization of these two techniques is becoming known as Memetic Algorithm. Additionally, this article tries to present different techniques to support management decision-making, with the intention of being used increasingly in the business environment sustaining, thus, decisions by mathematics or artificial intelligence and not only by experience. |
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| AbstractList | Operational Research uses a set of tools based on scientific research principles to achieve rational and meaningful management decisions. This article tries to give solution to a highly complex Linear Programming problem by using Simplex method, Solver and a hybrid prototype which combines the theories of Genetic Algorithms with a new local search heuristic technique. Hybridization of these two techniques is becoming known as Memetic Algorithm. Additionally, this article tries to present different techniques to support management decision-making, with the intention of being used increasingly in the business environment sustaining, thus, decisions by mathematics or artificial intelligence and not only by experience. |
| Author | Lesaca, Jesús M. Larrañaga Guerrero, Ekaitz Zulueta Ubis, Fernando Elizagarate Bernardo, Jon Alzola |
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| Keywords | heuristics quantitative methods operational research quantitative management decisionmaking linear programming hybrid methods memetic algorithms |
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| SubjectTerms | Business Economy / Management decision-making heuristics hybrid methods linear programming memetic algorithms Methodology and research technology operational research quantitative management quantitative methods |
| Title | Decision-making Tools and Memetic Algorithms in Management and Linear Programming Problems |
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