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Efficient Swarm Algorithms to Constrained Resource Allocation

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Executive Summary

Resource management is the effective deployment for an organization's resources. It deals with classification, allocation, stocking, processing, storage, and valuation for the shared resources when they are needed. Among many managerial tasks, the constrained resource allocation problem has challenging many practitioners involved in manufacturing operations. This problem seeks to find an optimal allocation of a limited amount of resource to a number of manufacturing activities for optimizing organization's objective subject to the resource constraints. Most existing methods use mathematical programming techniques, but they are defaced in deriving exact solutions for large-scale problems with reasonable time. A viable alternative is to use swam algorithms which can obtain approximate solutions to real-world intractable problems.

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