This paper presents two meta-heuristic algorithms to solve an extended portfolio selection model. The extended model is based on the Markowitz's Model, aiming to minimize investment risk in a specified level of return. In order to get the Markowitz model close to the real conditions, different constraints were embedded on the model which resulted in a discrete and non-convex solution space. ...

Integrated production-distribution planning (PDP) is one of the most important approaches in supply chain networks. We consider a supply chain network (SCN) to consist of multi suppliers, plants, distribution centers (DCs), and retailers. A bi-objective mixed integer linear programming model for integrating production-distribution designed here aim to simultaneously minimize total net costs in ...

Industrial hazardous materials (hazmat) are byproduct of industrial production and include hazardous goods, such as flammable, toxic and corrosive materials that pose a risk to the environment.Hazardous waste management includes collection, transportation, treatment, recycling and disposal of industrial hazardous material in an organized manner. With the increasing industrialization of countrie...

this paper deals with the product mix problem using the concept of theory of constraints (toc). theory of constraints is one of the most efficient approaches which have been applied to solve the product mix problem heuristically. although there are numerous heuristic and meta-heuristics to solve this problem, finding the optimal solution in a reasonable time is still a challenging issue. in thi...

Recently, many meta-heuristic algorithms are proposed for optimization of various problems. Some of them originally are presented for continuous optimization problems and some others are just applicable for discrete ones. In the literature, sizing optimization of truss structures is one of the discrete optimization problems which is solved by many meta-heuristic algorithms. In this paper, in or...

Meta-heuristic algorithms are applied in optimization problems in a variety of fields, including engineering, economics, and computer science. In this paper, seven population-based meta-heuristic algorithms are employed for size and geometry optimization of truss structures. These algorithms consist of the Artificial Bee Colony algorithm, Cyclical Parthenogenesis Algorithm, Cuckoo Search algori...

This paper considers a multi-period, multi-product inventory-routing problem in a two-level supply chain consisting of a distributor and a set of customers. This problem is modeled with the aim of minimizing bi-objectives, namely the total system cost (including startup, distribution and maintenance costs) and risk-based transportation. Products are delivered to customers by some heterogeneous ...

In this paper an effort is made to present a state-of-the-art review of meta-heuristic approaches in solving facility layout problems. Facility layout directly affects the productivity of the industries so it is very important to solve it carefully. There are many approaches, methods and techniques to solve and optimize the layout problem. The current and future trends involving design objectiv...