Optimal solutions versus 'good' solutions: An analysis of heuristic decision making

Jack A Fuller

Omega, 1978, vol. 6, issue 6, 479-484

Abstract: The portion of business problems which lend themselves to solution by existing optimization techniques are a minor subset of the business problems which can be defined and attacked by logical devices. Heuristics simplify the environment of the decision maker by permitting him to make decisions quickly without considering the innumerable ways that each decision could be made. This paper compares the heuristic programming approach to more traditional operations research techniques of decision making.

Date: 1978
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/0305-0483(78)90049-X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jomega:v:6:y:1978:i:6:p:479-484

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01

Access Statistics for this article

Omega is currently edited by B. Lev

More articles in Omega from Elsevier
Bibliographic data for series maintained by Catherine Liu ().