The optimal resource allocation in stochastic activity networks via the electromagnetism approach

Anabela Tereso; Madalena Araújo; Salah E. Elmaghraby

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The optimal resource allocation in stochastic activity networks via the electromagnetism approach

Article 2004 English

Authors

Anabela Tereso
University of Minho
MA
Madalena Araújo
SE
Salah E. Elmaghraby

Abstract

1 min read

An optimal resource allocation approach to stochastic multimodal projects had been previously developed by applying a Dynamic Programming model [2] [3], which proved to be very demanding computationally. Approximations to the initial model had been also developed, still within DP framework [4]. Computing times were improved, but demonstrated the need for further developments. In this paper we report on the application of a recently developed technique for global optimization, the Electromagnetism Algorithm (EMA) [1], to this problem and demonstrate its superior performance to previously attempted approximations.