how to respond to the below students response Consider how you would make the qu
ID: 456206 • Letter: H
Question
how to respond to the below students response Consider how you would make the quarterly ordering decision without using optimization techniques. This is called heuristic decision making - meaning it is an approximation. Discuss where heuristic decision making might be better than using Optimization. Heuristics is an experienced based process for problem solving. There is evidence that both heuristics and optimization can work very well together and that heuristics speeds up the optimization process. Heuristics are more flexible and it has been found that it can yield results at a faster rate than just strictly using optimization can. While optimization can find the optimal solution, heuristics will find it quicker and works well in real world purposes. Benefits versus Costs. In other words, when is it not cost effective to spend the additional time and money to obtain the Optimum solution? It is not cost effective when there is no benefit for optimal solution and there is a limit on the possible solution. When assumptions are unrealistic and the idea is unchanging, it does not consider change and the progression of variables.
Explanation / Answer
An algorithm is the description of an automated solution to a problem. What the algorithm does is precisely defined. The solution could or could not be the best possible one but you know from the start what kind of result you will get. You implement the algorithm using some programming language to get (a part of) a program.
Now, some problems are hard and you may not be able to get an acceptable solution in an acceptable time. In such cases you often can get a not too bad solution much faster, by applying some arbitrary choices (educated guesses): that's a heuristic.
A heuristic is still a kind of an algorithm, but one that will not explore all possible states of the problem, or will begin by exploring the most likely ones.
i. Need to aggregate data to solve
ii. Takes much longer to find a solution due to rigorous nature
iii. Constraints tend to make the problem ‘non-linear’
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.