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Heuristic “Optimization”: Why, When, and How to Use It

Author

Listed:
  • Stelios H. Zanakis

    (Department of Management, College of Business Administration, Florida International University, Miami, Florida 33199)

  • James R. Evans

    (Department of Quantitative Analysis, College of Business Administration, University of Cincinnati, Cincinnati, Ohio 45221)

Abstract

The pressing need of real-world problems for quick, simple, and implementable solutions coupled with a recently increased research productivity on improved and rigorously evaluated heuristic methods are rapidly increasing the need, usage, and respect for heuristics. This paper presents a framework for heuristic “optimization” by systematically examining this change in attitudes towards heuristics, their desirable features and proper usage.

Suggested Citation

  • Stelios H. Zanakis & James R. Evans, 1981. "Heuristic “Optimization”: Why, When, and How to Use It," Interfaces, INFORMS, vol. 11(5), pages 84-91, October.
    • Handle: RePEc:inm:orinte:v:11:y:1981:i:5:p:84-91
    DOI: 10.1287/inte.11.5.84
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    Cited by:

    1. Manfred Gilli & Enrico Schumann, 2012. "Heuristic optimisation in financial modelling," Annals of Operations Research, Springer, vol. 193(1), pages 129-158, March.
    2. Deb, Kalyanmoy & Myburgh, Christie, 2017. "A population-based fast algorithm for a billion-dimensional resource allocation problem with integer variables," European Journal of Operational Research, Elsevier, vol. 261(2), pages 460-474.
    3. Bandara, Kanchana & Varpe, Øystein & Ji, Rubao & Eiane, Ketil, 2018. "A high-resolution modeling study on diel and seasonal vertical migrations of high-latitude copepods," Ecological Modelling, Elsevier, vol. 368(C), pages 357-376.
    4. E A Silver, 2004. "An overview of heuristic solution methods," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 55(9), pages 936-956, September.
    5. Gaurav Singh & Rodolfo García-Flores & Andreas Ernst & Palitha Welgama & Meimei Zhang & Kerry Munday, 2014. "Medium-Term Rail Scheduling for an Iron Ore Mining Company," Interfaces, INFORMS, vol. 44(2), pages 222-240, April.
    6. Rodríguez, Beatriz & Molina, Julián & Pérez, Fátima & Caballero, Rafael, 2012. "Interactive design of personalised tourism routes," Tourism Management, Elsevier, vol. 33(4), pages 926-940.

    More about this item

    Keywords

    optimization; heuristics;

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