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50th Anniversary Article: Selection, Provisioning, Shared Fixed Costs, Maximum Closure, and Implications on Algorithmic Methods Today

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  • Dorit S. Hochbaum

    (Department of Industrial Engineering and Operations Research and Walter A. Haas School of Business, University of California, Berkeley, California 94720)

Abstract

Motivated by applications in freight handling and open-pit mining, Rhys, Balinski, and Picard studied the problems of selection and closure in papers published in Management Science in 1970 and 1976. They identified efficient algorithms based on linear programming and maximum-flow/minimum-cut procedures to solve these problems. This research has had major impact well beyond the initial applications, reaching across three decades and inspiring work on numerous applications and extensions. The extensions are nontrivial optimization problems that are of theoretical interest. The applications ranged from evolving technologies, image segmentation, revealed preferences, pricing, adjusting utilities for consistencies, just-in-time production, solving certain integer programs in polynomial time, and providing efficient 2-approximation algorithms for a wide variety of hard problems. A recent generalization to a convex objective function has even produced novel solutions to prediction and Bayesian estimation problems. This paper surveys the streams of research stimulated by these papers as an example of the impact of Management Science on the optimization field and an illustration of the far-reaching implications of good original research.

Suggested Citation

  • Dorit S. Hochbaum, 2004. "50th Anniversary Article: Selection, Provisioning, Shared Fixed Costs, Maximum Closure, and Implications on Algorithmic Methods Today," Management Science, INFORMS, vol. 50(6), pages 709-723, June.
    • Handle: RePEc:inm:ormnsc:v:50:y:2004:i:6:p:709-723
    DOI: 10.1287/mnsc.1040.0242
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    References listed on IDEAS

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    1. John W. Mamer & Stephen A. Smith, 1982. "Optimizing Field Repair Kits Based on Job Completion Rate," Management Science, INFORMS, vol. 28(11), pages 1328-1333, November.
    2. Edward I. Altman, 1968. "Financial Ratios, Discriminant Analysis And The Prediction Of Corporate Bankruptcy," Journal of Finance, American Finance Association, vol. 23(4), pages 589-609, September.
    3. Robin Roundy, 1985. "98%-Effective Integer-Ratio Lot-Sizing for One-Warehouse Multi-Retailer Systems," Management Science, INFORMS, vol. 31(11), pages 1416-1430, November.
    4. William L. Maxwell & John A. Muckstadt, 1985. "Establishing Consistent and Realistic Reorder Intervals in Production-Distribution Systems," Operations Research, INFORMS, vol. 33(6), pages 1316-1341, December.
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    7. Ravindra K. Ahuja & James B. Orlin, 2001. "A Fast Scaling Algorithm for Minimizing Separable Convex Functions Subject to Chain Constraints," Operations Research, INFORMS, vol. 49(5), pages 784-789, October.
    8. Jean-Claude Picard, 1976. "Maximal Closure of a Graph and Applications to Combinatorial Problems," Management Science, INFORMS, vol. 22(11), pages 1268-1272, July.
    9. Ravindra K. Ahuja & Dorit S. Hochbaum & James B. Orlin, 2003. "Solving the Convex Cost Integer Dual Network Flow Problem," Management Science, INFORMS, vol. 49(7), pages 950-964, July.
    10. Dorit S. Hochbaum, 2003. "Efficient Algorithms for the Inverse Spanning-Tree Problem," Operations Research, INFORMS, vol. 51(5), pages 785-797, October.
    11. Hochbaum, Dorit S., 2002. "Solving integer programs over monotone inequalities in three variables: A framework for half integrality and good approximations," European Journal of Operational Research, Elsevier, vol. 140(2), pages 291-321, July.
    12. Arthur F. Veinott, Jr., 1971. "Least d-Majorized Network Flows with Inventory and Statistical Applications," Management Science, INFORMS, vol. 17(9), pages 547-567, May.
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    Cited by:

    1. Colombi, Marco & Mansini, Renata & Savelsbergh, Martin, 2017. "The generalized independent set problem: Polyhedral analysis and solution approaches," European Journal of Operational Research, Elsevier, vol. 260(1), pages 41-55.
    2. Olszewski, Wojciech & Vohra, Rakesh, 2014. "Selecting a discrete portfolio," Journal of Mathematical Economics, Elsevier, vol. 55(C), pages 69-73.
    3. You, Byungjun & Yamada, Takeo, 2007. "A pegging approach to the precedence-constrained knapsack problem," European Journal of Operational Research, Elsevier, vol. 183(2), pages 618-632, December.
    4. Dorit S. Hochbaum & Erick Moreno-Centeno & Phillip Yelland & Rodolfo A. Catena, 2011. "Rating Customers According to Their Promptness to Adopt New Products," Operations Research, INFORMS, vol. 59(5), pages 1171-1183, October.
    5. Queyranne, M. & Wolsey, L.A., 2015. "Modeling poset convex subsets," LIDAM Discussion Papers CORE 2015049, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

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