The aim of operational train timetabling is to find a conflict free timetable for a set of passenger and freight trains with predefined stopping time windows along given routes in an infrastructure network so that station capacities and train dependent running and headway times are observed. Typical models for this problem are based on time-discretized … Read more
In this paper, we study the preferences for uncertain travel time in which the probability distribution may not be fully characterized. In evaluating an uncertain travel time, we explicitly distinguish between risk, where probability distribution is precisely known, and ambiguity, where it is not. In particular, we propose a new criterion called ambiguity-aware CARA travel … Read more
This paper presents a study on reliable single and multiple allocation hub-and-spoke network design problems where disruptions at hubs and the resulting hub unavailability can be mitigated by backup hubs and alternative routes. It builds nonlinear mixed integer programming models and presents linearized formulas. To solve those difficult problems, Lagrangian relaxation and Branch-and-Bound methods are … Read more
In many telecommunication network architectures a given set of client nodes must be served by different kinds of facility, which provide di fferent services and have diff erent capabilities. Such facilities must be located and dimensioned in the design phase. We tackle a particular location problem in which two sets of facilities, mid level and high level, … Read more
We study the problem of diversifying a given initial capital over a finite number of investment funds that follow different trading strategies. The investment funds operate in a market where a finite number of underlying assets may be traded over finite discrete time. We present a numerical procedure for finding a diversification that is optimal … Read more
The use of metaheuristics in Multi-objective Combinatorial Optimization, particularly Ant Colony Optimization (ACO), has grown recently. This paper proposes an approach where multi-species ants compete for food resources. Each species has its own search strategy and do not access pheromone information of other species. As in nature, successful ant populations are allowed to grow, whereas … Read more
This paper presents a local search, based on a new neighborhood for the job-shop scheduling problem, and its application within a biased random-key genetic algorithm. Schedules are constructed by decoding the chromosome supplied by the genetic algorithm with a procedure that generates active schedules. After an initial schedule is obtained, a local search heuristic, based … Read more
This paper presents a local search, based on a new neighborhood for the job-shop scheduling problem, and its application within a biased random-key genetic algorithm. Schedules are constructed by decoding the chromosome supplied by the genetic algorithm with a procedure that generates active schedules. After an initial schedule is obtained, a local search heuristic, based … Read more
We consider a multi-product newsvendor using an exponential utility function. We first establish a few basic properties for the newsvendor regarding the convexity of the model and monotonicity of the impact of risk aversion on the solution. When the product demands are independent and the ratio of the degree of risk aversion to the number … Read more
Stochastic dominance theory provides tools to compare random entities. When comparing random vectors (say X and Y ), the problem can be viewed as one of multi-criterion decision making under uncertainty. One approach is to compare weighted sums of the components of these random vectors using univariate dominance. In this paper we propose new concepts … Read more