Using Genetic Algorithms for Optimization Problems
One of the most common things we humans face in our daily lives is the problem of optimization. viz what is the optimum solution for a problem using certain mix of resources that we have, and bearing in mind our objective(s) In Life we seldom find that there is only one solution to a problem, but in fact many possible choices for a solution. Here are some examples: Which is the best route to travel from A to B, after defining what is ‘best’. {is it the shortest route in time, which again is different from the shortest route in distance, or is it the most economical route, the most scenic route etc}. What is the minimum risk and maximum gain I can get from re-allocating the number of shares in each stock that I hold in a portfolio? What combination of resources [land, labor, capital] will enable me to complete a certain construction project in a specified period of time. What is the best way to draw up the School timetable using the variables we can juggle with viz the school hours Mon-...