Heuristic Methods

Laura Schwarzbach and Ramona Schmitt
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Laura Schwarzbach: University Bonn-Rhein-Sieg
Ramona Schmitt: University Bonn-Rhein-Sieg

A chapter in Operations Research and Management, 2024, pp 131-154 from Springer

Abstract: Abstract The term "heuristics" is derived from the ancient Greek word "heuriskein," which means to discover and explore. In the context of problem solving, heuristics are rules of thought that speed up the solution of complex problems, even though they often lead to satisfactory rather than optimal results. They are particularly valuable in solving optimization problems in the context of operations research. Heuristics are guided by principles such as factorization, modeling, well-defined goals, generation and testing, and bounded rationality. Although they cannot guarantee optimality, they serve as practical tools in various fields, including economics, sports, environment, medicine, and engineering.

Date: 2024
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DOI: 10.1007/978-3-031-47206-0_7

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