A selfish allocation heuristic in scheduling: Equilibrium and inefficiency bound analysis

Jac Braat, Herbert Hamers, Flip Klijn and Marco Slikker

European Journal of Operational Research, 2019, vol. 273, issue 2, 634-645

Abstract: For single decision maker optimization problems that lack time efficient algorithms to determine the optimum, there is a need for heuristics. In the context of coordinated production planning, the seminal paper of Graham (1969) provided a performance analysis of heuristics and obtained a bound in relation to the centralized optimum.

Keywords: Game theory; Sequencing situations; Outsourcing; Equilibrium; Heuristic (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:273:y:2019:i:2:p:634-645

DOI: 10.1016/j.ejor.2018.08.024

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