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Finance and Management Science

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Browsing Finance and Management Science by Subject "due date constraints"

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    On the exact solution of the no-wait flow shop problem with due date constraints
    (Computers & Operations Research, 2017-05) Samarghandi, Hamed; Behroozi, Mehdi
    This paper deals with the no-wait flow shop scheduling problem with due date constraints. In the no-wait flow shop problem, waiting time is not allowed between successive operations of jobs. Moreover, the jobs should be completed before their respective due dates; due date constraints are dealt with as hard constraints. The considered performance criterion is makespan. The problem is strongly NP-hard. This paper develops a number of distinct mathematical models for the problem based on different decision variables. Namely, a mixed integer programming model, two quadratic mixed integer programming models, and two constraint programming models are developed. Moreover, a novel graph representation is developed for the problem. This new modeling technique facilitates the investigation of some of the important characteristics of the problem; this results in a number of propositions to rule out a large number of infeasible solutions from the set of all possible permutations. Afterward, the new graph representation and the resulting propositions are incorporated into a new exact algorithm to solve the problem to optimality. To investigate the performance of the mathematical models and to compare them with the developed exact algorithm, a number of test problems are solved and the results are reported. Computational results demonstrate that the developed algorithm is significantly faster than the mathematical models.
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    A particle swarm optimisation for the no-wait flow shop problem with due date constraints.
    (International Journal of Production Research, 2016) Samarghandi, Hamed
    This paper considers the no-wait flow shop scheduling problem with due date constraints. In the no-wait flow shop problem, waiting time is not allowed between successive operations of jobs. Moreover, a due date is associated with the completion of each job. The considered objective function is makespan. This problem is proved to be strongly NP-Hard. In this paper, a particle swarm optimisation (PSO) is developed to deal with the problem. Moreover, the effect of some dispatching rules for generating initial solutions are studied. A Taguchi-based design of experience approach has been followed to determine the effect of the different values of the parameters on the performance of the algorithm. To evaluate the performance of the proposed PSO, a large number of benchmark problems are selected from the literature and solved with different due date and penalty settings. Computational results confirm that the proposed PSO is efficient and competitive; the developed framework is able to improve many of the best-known solutions of the test problems available in the literature.