One of the most important problems in the petroleum industry is the well-known petrol station replenishment problem with time windows, which calls for the determination of optimal routes by using a fleet of tank trucks to serve a set of petrol stations over a given planning horizon. In this...

"Spending on M&A has, in aggregate, grown so fast that it has even overtaken capital expenditure on increasing and maintaining physical assets. Yet McKinsey, the leading management consultancy, reports that "Anyone who has researched merger success rates knows that roughly 70% fail". The idea...