An Invasive Weed Optimization Algorithm for the Resource Availability Cost Problem

V. van Peteghem () and Mario Vanhoucke

Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium from Ghent University, Faculty of Economics and Business Administration

Abstract: In this paper, an Invasive Weed Optimization (IWO) algorithm for the Resource Availability Cost Problem (RACP) is presented, in which the total cost of the (unlim- ited) renewable resources required to complete the project by a pre-specified project deadline should be minimized. The IWO algorithm is a new search strategy, which makes use of mechanisms inspired by the natural behavior of weeds in colonizing and finding a suitable place for growth and reproduction. In this paper, the algorithm is used for the first time to solve a project scheduling problem. All algorithmic compo- nents are explained in detail and computational results for the RACP are presented.

Pages: 2 pages
Date: 2011-01
New Economics Papers: this item is included in nep-cmp and nep-ppm
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Persistent link: https://EconPapers.repec.org/RePEc:rug:rugwps:11/697

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