Title
Evolutionary algorithms for Decision Problems in Management Science
Team
António Gaspar
Lopes da Cunha
Carlos Manuel
Milheiro de Oliveira Pinto Soares
Dalila Benedita
Machado Martins Fontes (coordinator)
Fernando
Arménio da Costa Castro e Fontes
Jorge Miguel
Silva Valente
Maria do
Rosário Mota de Oliveira Alves Moreira
Rui Alberto
Ferreira Santos Alves
Introduction
Management Science (MS) is concerned with
developing and applying models and concepts in order to help finding good
solutions for managerial problems. The models used are often represented
mathematically and usually require computer-based methods to solve them. MS and
Operational Research are sometimes used interchangeably. Applications of MS are
abundant in industry as airlines, manufacturing companies, service
organizations, military branches, financial institutions, and in government.
The range of problems and issues to which MS has contributed with insights and
solutions is vast. It includes:
• scheduling: airlines planes and crews,
personnel, manufacturing operations and machines, project activities, among
others;
• location/ layout: deciding the appropriate
place to site new facilities such as a warehouse or a factory and also on the
best relative position of, e.g., machines in a manufacturing plant;
• network and network
flows: managing the flow of water, gas, electricity or data from providers,
identifying possible future development paths for parts of the
telecommunications industry;
• finance: deciding
when an investment should be made, finding an investment policy, determining a
course of action for portfolio optimization;
just to mention a
few that the project researchers have been involved with.
Objectives
Outputs
International
Journal Publications