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Evaluation Of A Mathematic Model To Support Complex Decision Makings, Evaluacion De Un Modelo Matematico Para Apoyar Decisiones Empresariales Complejas

Author

Listed:
  • Yoannia Arean Rodriguez
  • Alejandro Rosete Suarez
  • Franklin Marin Vargas

Abstract

The decision making process that implies optimizing paths for goods delivery, messaging services, tours, and others, is usually a difficult task. One problem, that has been and continues being, a challenge for scientists in different areas is the trade traveler problem. This paper focuses on evaluation, through the use of metaheuristics algorithms, of a model created based on the analysis of a particular case of this problem. In this special case it was necessary to consider time windows. The goal is to determine which algorithm provides a better solution will provide an aid to decision-makers of companies that require analyzing the variables included in the model.

Suggested Citation

  • Yoannia Arean Rodriguez & Alejandro Rosete Suarez & Franklin Marin Vargas, 2014. "Evaluation Of A Mathematic Model To Support Complex Decision Makings, Evaluacion De Un Modelo Matematico Para Apoyar Decisiones Empresariales Complejas," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 7(6), pages 1-13.
  • Handle: RePEc:ibf:riafin:v:7:y:2014:i:6:p:1-13
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    More about this item

    Keywords

    Travel Salesman Problem; Metaheuristics; Decision Making;

    JEL classification:

    • C00 - Mathematical and Quantitative Methods - - General - - - General
    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques

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