This paper presents a novel approach to solve feature subset selection problems using an Ant Colony Optimization (ACO) algorithm. ACO is one of the important naturally inspired intelligent techniques. It is based on the foraging behavior of real ants in nature. The proposed ACO is combined with...

A popular argument states that most of the diversification in a portfolio can be obtained with a rather small number of securities. In this paper we present three algorithms to approach the underlying NP-hard problem of portfolio optimization with a cardinality constraint. All three of these...

Social insects---ants, bees, termites and wasps---exhibit a collective problem-solving ability (Deneubourg and Goss, 1989; Bonabeau et al., 1997). In particular, several ant species are capable of selecting the shortest pathway, among a set of alternative pathways, from their nest to a food source...

In this paper we propose a metaheuristic to solve a new version of the Maximum Capture Problem. In the original MCP, market capture is obtained by lower traveling distances or lower traveling time, in this new version not only the traveling time but also the waiting time will affect the market...

Optimum reservoir operation is a challenging problem in water resources systems. In this paper, Intelligent Water Drops (IWD) algorithm is applied in a reservoir operation problem. IWD is a population based algorithm and is initially proposed for solving combinatorial problems. The algorithm...

In this paper a metaheuristic technique called Ant Colony Optimization (ACO) is proposed to derive operating policies for a multi-purpose reservoir system. Most of the real world problems often involve non-linear optimization in their solution with high dimensionality and large number of...

This paper studies the simultaneous dock assignment and sequencing of inbound trucks for a multi-door cross docking operation with the objective to minimize total weighted tardiness, under a fixed outbound truck departure schedule. The problem is newly formulated and solved by six different...

Ant colony system is a well known metaheuristic framework, and many efficient algorithms for different combinatorial optimization problems have been derived from this general framework. In this paper some directions for improving the original framework when a strong local search routine is...

In manual order picking systems, order pickers walk or drive through a distribution warehouse in order to collect items which are requested by (internal or external) customers. In order to perform these operations efficiently, it is usually required that customer orders are combined into (more...