Heuristic “Optimization”: Why, When, and How to Use It

Stelios H. Zanakis and James R. Evans
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Stelios H. Zanakis: Department of Management, College of Business Administration, Florida International University, Miami, Florida 33199
James R. Evans: Department of Quantitative Analysis, College of Business Administration, University of Cincinnati, Cincinnati, Ohio 45221

Interfaces, 1981, vol. 11, issue 5, 84-91

Abstract: The pressing need of real-world problems for quick, simple, and implementable solutions coupled with a recently increased research productivity on improved and rigorously evaluated heuristic methods are rapidly increasing the need, usage, and respect for heuristics. This paper presents a framework for heuristic “optimization” by systematically examining this change in attitudes towards heuristics, their desirable features and proper usage.

Keywords: optimization; heuristics (search for similar items in EconPapers)
Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:inm:orinte:v:11:y:1981:i:5:p:84-91

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