This paper presents a two-stage hybrid flow shop scheduling problem with setup and assembly operations. The proposed study of this paper considers one kind of product with a quantity of demand where each product is made by assembling a set of different parts. At first, the parts are manufactured in a two-stage hybrid flow-shop and then the parts are assembled into products on assembly stage. Setup operations are needed when a machine starts processing the parts or it changes items. The considered objective is minimizing the completion time of all products. Since the problem is classified as NP-hard class, a combinatorial algorithm is proposed. The proposed algorithm is a three-step procedure where we use heuristic, genetic algorithm (GA), simulated annealing (SA), NEH and Johnson’s algorithm. Three lower bounds are presented and improved to evaluate the proposed algorithms. An extensive computational experiment is conducted to compare the performances of the proposed algorithms.

The problem of portfolio optimization has always been a key concern for investors. This paper addresses a realistic portfolio optimization problem with floor, ceiling, and cardinality constraints. This problem is a mixed integer quadratic programming where traditional optimization methods fail to find the optimal solution, efficiently. The present paper develops a new hybrid approach based on an improved particle swarm optimization (PSO) and a modified simulated annealing (SA) to find the cardinality constrained efficient frontier. The proposed algorithm benefits from simple and easy characteristics of PSO with an adaptation of inertia weights and constriction factor. In addition, incorporating an SA procedure into IPSO helps escaping from local optima and improves the precision of convergence. Computational results on benchmark problems with up to 225 assets signify that our proposed algorithm exceeds not only the standard PSO but also the other heuristic algorithms previously presented to solve the cardinality constrained portfolio problem.

The economic lot scheduling problem (ELSP) is a challenge between sequencing and lot sizing. In this problem, several products must be produced on a single machine in a cyclical production pattern and the primary goal is to minimize the total setup and holding expenditures. Since time affects the value of money, it is necessary to take into account the time value of money when gradual payment is the case. In this paper, a new ELSP model with the consideration of the time value of money is considered. The proposed model of this paper is formulated as a nonlinear mixed integer model and a hybrid GA is presented to solve the resulted model for large-scale problems. The proposed method is solved for some benchmark problems for large-scale problems.