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Mixed-Integer Linear Programming: Heuristic algorithms

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A heuristic algorithm is one that is designed to solve a problem in a faster and more efficient fashion than traditional methods by sacrificing optimality, accuracy, precision, or completeness for speed. Heuristic algorithms often times used to solve NP-complete problems, a class of decision problems. In these problems, there is no known efficient way to find a solution quickly and accurately although solutions can be verified when given. Heuristics can produce a solution individually or be used to provide a good baseline and are supplemented with optimization algorithms. Heuristic algorithms are most often employed when approximate solutions are sufficient and exact solutions are necessarily computationally expensive

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  • 11/29/2018
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